If Aggregate Output Is Falling,_____

question 47

Multiple Choice

If aggregate output is falling,_____.

• A)federal budget deficit decreases
• B)tax revenue increases
• C)automatic stabilizers will tend to increase the size of the deficit
• D)automatic stabilizers will tend to decrease the size of the deficit
• E)transfer payments decrease as fewer people become eligible for public assistance

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Definitions:

Planned Performance Standard

Predefined benchmarks or expectations against which employee performance is measured, often used in performance appraisals.

Merit Pay

A pay increase given to employees based on their performance, usually assessed through performance evaluations, to incentivize productivity and excellence.

Employee Performance Appraisals

A periodic review and evaluation of an individual's job performance and productivity in relation to certain pre-established criteria and objectives.

Incentive Plans

Compensation strategies designed to motivate and reward employees for achieving specific performance goals or business outcomes.