An Economic Contraction Caused by a Shift in Aggregate Demand

question 184

Multiple Choice

An economic contraction caused by a shift in aggregate demand causes prices to

• A) rise in the short run, and rise even more in the long run.
• B) rise in the short run, and fall back to their original level in the long run.
• C) fall in the short run, and fall even more in the long run.
• D) fall in the short run, and rise back to their original level in the long run.

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Definitions:

Organizational Control

The processes and systems in place within an organization to monitor, regulate, and steer it toward its objectives.

Evaluation-Reward

Evaluation-Reward systems in organizations assess employee performance and provide rewards or consequences based on the evaluation outcomes.

Best Practices

Industry-standard methods or techniques that are widely accepted as the most effective and efficient ways to achieve a desired outcome.

Organizational Role Models

Individuals within an organization whose behaviors, attitudes, and ethical standards are emulated by others.