In the Fooling Model,AD/SAS Equilibria to the Left of LAS

question 68

Multiple Choice

In the fooling model,AD/SAS equilibria to the left of LAS are unstable because ________ nominal wages shift ________.

• A)falling,AD downward
• B)falling,SAS downward
• C)rising,AD upward
• D)rising,SAS upward

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Definitions:

Informal Network Lines

The unofficial and usually invisible lines of communication that exist within an organization, based on personal relationships rather than organizational charts or structures.

Negative

Characterized by a lack or absence of positive attributes, often implying pessimism, refusal, or opposition.

Cultural Communication

The exchange of information between individuals from different cultures, considering language, norms, and societal values.

Social Respect

The admiration and consideration shown towards individuals or groups by others based on societal norms and values.