Examlex

Solved

Gordon Wants to Become an Administrator but After Ten Years

question 782

Multiple Choice

Gordon wants to become an administrator but after ten years he is still working as a staff member.Gordon is dealing with this frustration by pretending not to care about getting a promotion.His reaction to this frustration would be considered


Definitions:

Actual Price Level

The current general price of goods and services in the economy, not adjusted for inflation.

Short-Run Aggregate Supply

The overall quantity of products and services that companies intend to offer for sale within a brief period, based on existing prices.

Aggregate Demand

Overall market demand for goods and services in an economy, determined at a prevailing comprehensive price level for a certain duration.

Equilibrium Output

The level of output where the quantity of goods produced equals the quantity of goods consumed, resulting in market equilibrium.

Related Questions