When the Output of an Economy Exceeds the Economy's Full-Employment

question 74

Multiple Choice

When the output of an economy exceeds the economy's full-employment capacity,

• A) aggregate supply will increase until the economy can produce the output at the existing price level.
• B) the actual rate of unemployment will be less than the natural rate.
• C) wage rates and resource prices will tend to fall.
• D) interest rates will decline and help direct the economy back to full employment.

---

Definitions:

Negotiation and Close

The process of bargaining that precedes the final agreement in a sale, combining the skills of negotiating terms with the aim of successfully closing a deal.

AIDA Procedure

A marketing model that describes the stages a consumer goes through in the process of purchasing a product: Attention, Interest, Desire, Action.

Formula Sales Presentation

A standardized, methodical approach to a sales presentation that follows a specific formula designed to achieve sales objectives.

Problem-Solution Sales Presentation

A sales strategy that identifies a problem faced by a potential customer and proposes a solution using the seller's product or service.