As a Generalization, It Can Be Said That

question 6

Multiple Choice

As a generalization, it can be said that

• A)aggregate demand shifts to the right every year, but aggregate supply rarely does.
• B)aggregate supply shifts to the right every year, but aggregate demand rarely does.
• C)both aggregate demand and aggregate supply shift to the right each year.
• D)neither aggregate demand nor aggregate supply curve shifts to the right each year.

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Definitions:

Strategy

Strategy refers to a plan of action designed to achieve a long-term or overall aim.

Chain of Command

The formal line of authority within an organization, showing how orders flow from top management down to lower levels of employees.

Competitive Advantage

A distinct characteristic or group of characteristics giving an organization the advantage over its competition.

Streamline

Simplifying procedures or methods to increase efficiency and reduce complexity or waste.