Suppose That the Government Decreases Its Expenditures on Goods and Services

question 127

Multiple Choice

Suppose that the government decreases its expenditures on goods and services. Within the AS-AD model, the result will be ________ in real GDP and ________ in the price level.

• A) an increase; an increase
• B) an increase; a decrease
• C) a decrease; an increase
• D) a decrease; a decrease

Learn methods for evaluating and making ethical decisions in business.

Recognize the importance of corporate culture in fostering ethical behavior.

Understand the concept of conflict of interest and its implications in business decisions.

Understand the role of challenging goals and personal control in promoting positive well-being in work experiences.

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Definitions:

Emergency Calls

Phone calls made to emergency services, such as police, fire brigade, or medical services, requesting immediate assistance.

Workshift

A scheduled period of time during which an individual is expected to perform work duties.

Expected Value

The anticipated mean or average value of a random variable, calculated as the sum of all possible values each multiplied by the probability of its occurrence.

Slot Machine

A gambling device that generates random combinations of symbols on a dial, offering prizes to players based on the alignment of these symbols.