Suppose Workers Become Pessimistic About Their Future Employment,which Causes Them

question 16

Multiple Choice

Suppose workers become pessimistic about their future employment,which causes them to save more and spend less.If the economy is on the intermediate range of the aggregate supply curve,then:

• A) both real GDP and the price level will fall.
• B) real GDP will fall and the price level will rise.
• C) real GDP will rise and the price level will fall.
• D) real GDP and the price level will rise.

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Definitions:

Organizational Risk

Refers to the potential for losses or other adverse outcomes that an organization may face due to various internal and external factors.

Strategic Risk

Involves risks that affect the long-term goals, direction, and overall strategy of an organization.

Contractual Risks

The potential for losses or liabilities arising from the terms and conditions of a contract, including breaches, misinterpretations, and the failure of parties to fulfill their obligations.

People Risks

Risks associated with the individuals involved in a project or business, such as skill shortages, personality conflicts, or turnover.