In the Long Run,unusually High Unemployment

question 13

Multiple Choice

In the long run,unusually high unemployment

• A) indicates that an economy is operating above potential GDP
• B) forces the wage rate down
• C) eventually causes the aggregate supply curve to shift upward
• D) pushes the price level upward
• E) causes the aggregate demand curve to shift rightward

Understand how to maintain future relations or business after delivering bad news.

Apply positive wording in the construction of messages.

Assess the impact of timing and setting on the delivery of bad-news messages.

Utilize digital media appropriately for delivering bad news to large groups.

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Definitions:

Marginal Cost

The supplementary cost that arises when one more unit of a good or service is produced.

Nobel Peace Prize

An international award given annually to an individual, group, or organization for outstanding contributions to peace, established by the will of Alfred Nobel in 1895.

Monetary Award

A financial compensation or reward given, often as a result of a legal verdict or settlement.

Rational

Refers to decision-making that is based on logic and reason, often assuming that individuals choose the option with the greatest personal benefit.