In the Long Run an Increase in Aggregate Demand Results

question 2

Multiple Choice

In the long run an increase in aggregate demand results in:

• A) an increase in both the price level and aggregate output
• B) no change in either output or the price level
• C) a higher price level, but no change in output
• D) an increase in aggregate output, but no change in the price level

Distinguish between process focus, repetitive focus, mass customization, and product focus strategies and their effects on volume, variety, and equipment utilization.

Appreciate the importance of flexibility in equipment and technology selection for process strategies.

Recognize how processes can be designed for environmental friendliness and social responsibility.

Understand the impact of technology on service processes and the customer experience.

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Definitions:

Target Pests

Specific undesirable organisms that pest control measures aim to reduce or eliminate.

DDT

A synthetic pesticide historically used for mosquito control but was banned due to environmental and health concerns.

Persistent

Describes substances that remain in the environment for extended periods without breaking down, often leading to long-term pollution.

Natural Attractants

Substances or stimuli that naturally lure or attract organisms, often used in pest control or animal behavior studies.