Suppose Workers Become Pessimistic About Their Future Employment, Which Causes

question 28

Multiple Choice

Suppose workers become pessimistic about their future employment, which causes them to save more and spend less. If the economy is on the intermediate range of the aggregate supply curve, then:

• A) both real GDP and the price level will fall.
• B) real GDP will fall and the price level will rise.
• C) real GDP will rise and the price level will fall.
• D) both real GDP and the price level will rise.

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Definitions:

Implementing Controls

The process of establishing and applying mechanisms to manage or regulate actions within an organization or system.

Threat

Anything that poses a potential danger to the integrity, confidentiality, or availability of information or resources.

Risk Acceptance

The conscious decision to accept the potential fallout of a risk without taking action to mitigate it.

Security Procedures

Protocols or measures adopted to protect systems, networks, and data from cyber threats.