Suppose Workers Become Pessimistic About Their Future Employment,which Causes Them

question 16

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) real GDP and the price level will rise.

---

Definitions:

Tumor Marker

A substance found in blood, urine, or body tissues that can be elevated in cancer and may help in diagnosing or monitoring treatment.

Carcinoma

A type of cancer that begins in the skin or the tissue lining organs, such as the liver or kidneys.

Epithelial Tissue

A type of bodily tissue that lines the outer surfaces of organs and blood vessels, as well as the interior of hollow structures.

Endoscopy

A medical procedure that allows a doctor to inspect and observe the inside of the body without making large incisions, using an instrument called an endoscope.