If Prices and Wages Are flExible, a Decrease in Aggregate

question 236

Multiple Choice

If prices and wages are flexible, a decrease in aggregate demand will in the long run cause only a(n)

• A) decrease in the price level.
• B) increase in the price level.
• C) increase in the unemployment rate.
• D) decrease in real output.

---

Definitions:

Effective Teams

Groups of individuals who work together efficiently and productively, achieving goals through coordination, communication, and mutual support.

Relations-Oriented Behavior

Behavior that prioritizes and values the development and maintenance of positive interpersonal relationships.

Support Group

A gathering of individuals who share common experiences, challenges, or concerns, providing mutual assistance, empathy, and advice.

Women Employees

Female individuals engaged in work for an organization, focusing on their unique experiences, challenges, and contributions in the workplace.