Suppose Policymakers Take Actions That Cause a Contraction of Aggregate

question 3

Multiple Choice

Suppose policymakers take actions that cause a contraction of aggregate demand.Which of the following is a short-run consequence of this contraction?

• A)The inflation rate decreases.
• B)The level of output decreases.
• C)The unemployment rate increases.
• D)All of the above are correct.

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Definitions:

HR Professionals

Individuals working in human resource departments who are responsible for hiring, managing, and supporting personnel within an organization.

Competencies

Defines a set of skills, knowledge, behaviors, or abilities that are essential in effectively performing tasks or roles.

Force-Field Analysis

A management technique developed by Kurt Lewin to analyze the forces for and against a change, helping to identify what needs to be modified for successful implementation.

Change Management

The systematic approach to dealing with change, both from the perspective of an organization and the individual, involving adapting to, controlling, and effecting change.