Which of the Following Will Most Likely Occur in the Short

question 2

Multiple Choice

Which of the following will most likely occur in the short run when the long-run equilibrium of an economy is disturbed by an unanticipated decrease in aggregate demand?

• A) a decrease in output and a higher price level
• B) an increase in output and a higher price level
• C) a decrease in output and a lower price level
• D) an increase in output while prices remain unchanged

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Definitions:

Core Job Characteristics

Fundamental attributes of a job that affect employee motivation and job satisfaction, such as skill variety, task identity, task significance, autonomy, and feedback.

Hackman

Richard Hackman was a prominent researcher in organizational behavior known for his work on team dynamics, leadership, and work design.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, representing a five-tier model of human needs, depicted as hierarchical levels within a pyramid.

Esteem Needs

According to Maslow's hierarchy of needs, these are the higher-level needs related to self-esteem, self-respect, and the respect of others.