If Improvements in Education and Training Programs Increased the Productivity

question 66

Multiple Choice

If improvements in education and training programs increased the productivity of persons in the labor force,

• A)aggregate demand would decrease.
• B)short-run aggregate supply would increase,but long-run aggregate supply would not change.
• C)long-run aggregate supply would increase,but short-run aggregate supply would not change.
• D)both short-run and long-run aggregate supply.

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Definitions:

Brand Promise

A statement or commitment made by a brand to its customers, indicating what they can consistently expect from its products or services.

Social Purpose

The objective or intention of an organization to contribute positively to society or specific causes beyond financial gains.

Commoditization

The process by which goods or services become undifferentiated in the eyes of the consumer, leading to competition based primarily on price rather than features or quality.