According to Samuelson and Solow, When Aggregate Demand Is Low

question 17

Multiple Choice

According to Samuelson and Solow, when aggregate demand is low, how are unemployment, wages, and prices affected?

• A) Unemployment is high, so there is upward pressure on wages and prices.
• B) Unemployment is high, so there is downward pressure on wages and prices.
• C) Unemployment is low, so there is upward pressure on wages and prices.
• D) Unemployment is low, so there is downward pressure on wages and prices.

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Definitions:

Functional Résumé

Format that emphasizes skills and capabilities while identifying employers and academic experience in subordinate sections; many recruiters view this format with suspicion.

Skills And Capabilities

The abilities and competencies that enable an individual to perform tasks or jobs effectively.

Career Gaps

Periods of unemployment in an individual's work history, often explained by personal choice, study, or other reasons.

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The objective of a résumé, which is to provide a summary of one's qualifications and experiences for potential employers.