Exhibit 14-2 Aggregate Supply and Demand Curves

question 29

Multiple Choice

Exhibit 14-2 Aggregate supply and demand curves

-A shift in the aggregate supply curve in Exhibit 14-2 from AS₁ to AS₂ would be caused by a(n) :

• A) decrease in input prices.
• B) increase in input prices.
• C) increase in real GDP.
• D) decrease in real output.

Acknowledge the importance of employee participation in organizational processes for motivation and commitment.

Recognize the potential impacts of managerial assumptions on employee behavior and organizational culture as proposed by McGregor.

Understand various motivational theories and their application to workplace motivation.

Identify and explain different types of work scheduling strategies, including compressed workweek, flextime, and job sharing.

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Definitions:

Group Decisions

The outcome of a decision-making process that involves two or more people working together to reach a consensus.

Certain Environments

Specific or particular settings or contexts within which actions take place or conditions exist.

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.

Hindsight Bias

The tendency to believe, after an event has occurred, that one would have predicted or expected the outcome, often oversimplifying the causes and effects.