Use the Figure Below to Answer the Following Questions

question 125

Multiple Choice

Use the figure below to answer the following questions.

Figure 27.2.2
The economy depicted does not engage in international trade and has no government. Planned aggregate expenditure (AE) is equal to the sum of consumption expenditure (C) and investment (I) .
-Refer to Figure 27.2.2. When real GDP is $100 billion,

• A)real GDP is less than aggregate planned expenditure, and firms increase production.
• B)aggregate planned expenditure is greater than real GDP, and firms decrease production.
• C)real GDP is greater than aggregate planned expenditure, and firms decrease production.
• D)aggregate planned expenditure equals real GDP, and the economy is in equilibrium.
• E)aggregate planned expenditure is less than real GDP, and firms increase production.

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Definitions:

Job Enrichment

A method of motivating employees by adding more meaningful tasks and duties to their role to increase engagement and satisfaction.

Job Enlargement

Was developed to increase the total number of tasks workers perform based on the assumption that doing the same basic task over and over is the primary cause of worker dissatisfaction.

Job Description

A formal account of an employee's responsibilities, duties, and scope of work.

Reduction Strategy

A plan implemented to decrease the scale, scope, or operations of an organization, often as part of cost-cutting measures or organizational restructuring.