Which of the Following Likely Occurs When Households and Firms

question 32

Multiple Choice

Which of the following likely occurs when households and firms become more pessimistic?

• A)increased spending,increased aggregate demand,rising real GDP,and a rising unemployment rate
• B)decreased spending,increased aggregate demand,rising real GDP,and a falling unemployment rate
• C)decreased spending,decreased aggregate demand,falling real GDP,and a rising unemployment rate
• D)decreased spending,decreased aggregate demand,falling real GDP,and a falling unemployment rate

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Definitions:

Hostilities

Acts of warfare or aggression between groups, especially within a context of declared or undeclared conflict.

John Kotter

A professor and change management expert known for his 8-step process for leading change within an organization.

Eight-Step Model

A systematic process or framework used to address complex problems or implement changes in an organization effectively.

HRM

Human Resource Management, the strategic approach to managing employment relations which includes hiring, administration, and developing policies for working people.