Refer to the fiGure

question 170

Multiple Choice

Refer to the figure. Assuming this market is representative of the economy as a whole, a negative demand shock will

• A) cause inflation.
• B) increase unemployment.
• C) lower prices but leave output unaffected.
• D) reduce both prices and output.

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Definitions:

Visual Aids

Tools such as charts, diagrams, videos, and models used to enhance understanding or retention of information.

Salespeople

Professionals engaged in the selling of goods or services, typically working to meet sales targets and interact with customers.

KISS Rule

"Keep It Simple, Stupid" rule advises that simplicity should be a key goal in design and unnecessary complexity should be avoided.

Salespeople

Individuals who are responsible for selling products or services to customers, focusing on meeting the customers' needs and closing sales.