If an Improvement in the Quality of Education in the United

question 87

Multiple Choice

If an improvement in the quality of education in the United States increases the productivity of labor, this will

• A) increase aggregate demand and decrease aggregate supply.
• B) increase short-run aggregate supply and reduce aggregate demand.
• C) decrease aggregate demand and increase short-run aggregate supply.
• D) increase both long-run and short-run aggregate supply.

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Definitions:

Job Enrichment

Increasing job depth by adding work planning and evaluating duties normally performed by the supervisor.

Knowledge, Skills, Abilities

A combination of theoretical understandings, practical proficiencies, and innate capabilities required for effective performance in tasks or jobs.

Enriched Jobs

Design of jobs to include a greater variety of work content, higher level of responsibility, and the opportunity for workers' growth and autonomy.

Lower-Order Needs

Physiological, safety, and social needs in Maslow’s hierarchy.