If Both the Price Level and Nominal Incomes Change by the Same

question 31

Multiple Choice

If both the price level and nominal incomes change by the same percentage:

• A) real GDP will remain constant.
• B) the aggregate supply curve will be upward-sloping.
• C) profit margins will change in real terms.
• D) the long-run aggregate supply curve will be horizontal.
• E) both a and d.

Recognize the role of family and community in the care of culturally diverse clients.

Identify legal and ethical considerations in culturally competent care.

Recognize the importance of self-awareness in providing culturally safe care.

Understand the consequences of cultural assimilation and loss on health outcomes.

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Definitions:

Corporation

A legal entity that is separate and distinct from its owners, providing them with limited liability, and recognized as having rights and responsibilities.

Preferred Stock

A security that entitles the holder to payment of fixed dividends and that has priority over common stock in the distribution of assets on the corporation’s dissolution.

Common Stock

A type of equity security that represents ownership in a corporation, with holders usually having a right to vote on corporate matters.

Payment Of Dividends

The distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders.