With Reference to Aggregate Demand and Aggregate Supply, When Output

question 38

Multiple Choice

With reference to aggregate demand and aggregate supply, when output rises what would be expected to happen to employment?  

• A) Employment would rise. 
• B) Employment would fall. 
• C) Employment would remain constant. 
• D) Employment would first rise, and then fall.

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Definitions:

Warranty

A guarantee provided by a manufacturer or seller regarding the condition of a product and the promise to repair or replace defective parts within a specified period.

Replevin

A legal action to recover personal property that has been wrongfully taken or retained.

Cover

In contracts, especially concerning the sale of goods, the act of obtaining replacement goods or services when a seller fails to fulfill their obligations.

Security Interest

A legal claim or right granted over an asset to secure the payment of a debt or performance of some other obligation.