The Economy Experiences a Decrease in the Price Level and an Increase

question 251

Multiple Choice

The economy experiences a decrease in the price level and an increase in real domestic output. Which is a likely explanation?

• A) Consumer incomes and the quantity of labor have decreased.
• B) Business costs and wage rates have decreased.
• C) The prices of imported resources have increased.
• D) National income abroad has increased.

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Definitions:

Type A Orientation

The way people are characterized as competitive, impatient, aggressive, and achievement oriented.

Aggressive

A behavior characterized by boldness or assertiveness, with a possible inclination to dominate or challenge others.

Personality Types

A method for categorizing individuals into specific groups based on their patterns of behavior, thoughts, and feelings.

Under Pressure

Experiencing stress or tension as a result of challenging circumstances or high demands.