In Real Business Cycle Models,an Unfavorable Supply Shock

question 23

Multiple Choice

In real business cycle models,an unfavorable supply shock

• A) leads to an increase in the price level and a decline in real GDP.
• B) causes the aggregate demand curve to shift to the left.
• C) increases total output.
• D) increases aggregate demand because price levels rise.
• E) leads to significant decreases in long-term involuntary unemployment.

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Definitions:

Performance Appraisal

A systematic evaluation of an employee's job performance and productivity, typically conducted by their supervisor or manager, to inform decisions about promotions, raises, and training.

Forced Distribution Method

A performance evaluation method that assigns a certain percentage of employees to predetermined categories, such as high, average, or low performers, often resulting in a bell curve distribution.

Performance Appraisal

The method of assessing a worker's performance and output in comparison to predefined standards and the goals of the organization.

Job Enlargement

Job enlargement increases task variety by combining into one job two or more tasks that were previously assigned to separate workers.