Refer to the Figure Below

question 38

Multiple Choice

Refer to the figure below. Based on the figure, if the economy is in short-run equilibrium with output equal to 16,000, then there is ______, and ______ could return the economy to potential output (Y*) .

• A)an expansionary gap; a decrease in autonomous expenditures of 1,000
• B)an expansionary gap; a decrease in autonomous expenditures of 4,000
• C)a recessionary gap; an increase in autonomous expenditures of 1,000
• D)a recessionary gap; an increase in autonomous expenditures of 4,000

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Definitions:

Job Enlargement

Increasing the variety of tasks in a job to make it more rewarding and lessen the monotony.

Specialized Tasks

Jobs or activities that require a specific set of skills or knowledge, often focused on a particular area or field.

Equitable Rewards

A system of compensation that is fair and just, taking into consideration factors such as effort, market rates, and individual contribution.

Rewards Program

A marketing strategy that offers benefits to customers for their loyalty and frequent engagement with a brand or service.