In the View of Real-Business-Cycle Theory, an Increase in the Long-Run

question 36

Multiple Choice

In the view of real-business-cycle theory, an increase in the long-run aggregate supply would lead to a(n)

• A) increase in aggregate demand by an equal amount, so real output would increase and the price level would be unchanged.
• B) increase in aggregate demand by an equal amount, so real output and the price level would increase.
• C) decrease in aggregate demand, so real output would increase and the price level would decrease.
• D) decrease in aggregate demand, so real output and the price level would increase.

Calculate training program utility and interpret its implications for decision making.

Comprehend the various cost components involved in a training program and their impact on ROI calculations.

Understand the concept and application of cost-effectiveness in training programs.

Recognize the importance of linking training and development to return on investment (ROI) from the perspective of CEOs.

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Definitions:

Colonization Society

A group or organization established in the early 19th century advocating for the migration of free African Americans to Africa; the American Colonization Society is a prime example.

William Lloyd Garrison

An American abolitionist who was prominent in the anti-slavery movement and is well known for founding and editing the abolitionist newspaper "The Liberator."

Free African-Americans

Individuals of African descent living in the United States who were not enslaved and had certain legal rights, particularly before the Civil War in both the North and the South.