If Prices Are Inflexible, Then a Negative Demand Shock Will

question 111

Multiple Choice

If prices are inflexible, then a negative demand shock will lead to

• A) a short-run increase in real GDP.
• B) a short-run decrease in real GDP.
• C) a short-run decrease in prices.
• D) no change in real GDP in the short run.

Identify the value of creative negotiation strategies that do not require compromise.

Understand the influence of BATNA on negotiation outcomes.

Recognize the role of give-and-take patterns in both formal and informal negotiations.

Explore various perspectives (e.g., economics, psychology, anthropology, law) to understand negotiation.

---

Definitions:

Subconscious Goal Motivation

involves goals that influence one's behavior below the level of conscious awareness.

Stajkovic, Locke, and Blair

Refers to researchers who have contributed to the fields of psychology and organizational behavior, particularly in the areas of motivation and leadership.

Felt Negative Inequity

Occurs when an individual perceives that they have received less than they have contributed or less than others, leading to feelings of unfairness.

Proportion to Work

Refers to the relative amount of effort or resources allocated towards work activities compared to other areas.