Assuming a Long-Run Aggregate Supply Curve, a Decrease in Consumer

question 117

Multiple Choice

Assuming a long-run aggregate supply curve, a decrease in consumer confidence results in ________ in output and ________ in price level.

• A) a decrease; no change
• B) no change; a decrease
• C) a decrease; a decrease
• D) an increase; no change

Recognize the importance of language and translation in global marketing.

Identify the challenges of currency exchange rates and their effect on international trade.

Grasp the significance of a country's income distribution in determining market potential.

Acknowledge the role of purchasing power and middle-income households in a country's economy.

---

Definitions:

Semi-permanent

Describes something that is not permanent but lasts or is intended to last for a long time.

Work

An activity involving mental or physical effort done in order to achieve a purpose or result, often for pay.

Problem-solving

The process of identifying solutions to difficult or complex issues through analytical, creative, or critical thinking methods.

Stock Options

Rights to buy a specified amount of company stock at a given price within a given time period.