Which of the Following Likely Occurs When Households and Firms

question 160

Multiple Choice

Which of the following likely occurs when households and firms are pessimistic?

• A)Increased spending, increased aggregate demand, rising real GDP and a falling unemployment rate.
• B)Decreased spending, increased aggregate demand, rising real GDP and a falling unemployment rate.
• C)Decreased spending, decreased aggregate demand, falling real GDP and a falling unemployment rate.
• D)Decreased spending, decreased aggregate demand, falling real GDP and a rising unemployment rate.

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Definitions:

Managers

Individuals responsible for directing and overseeing the work of a group of people in an organization.

Teams

Groups of individuals working collaboratively towards a common goal or objective, leveraging diverse skills and perspectives.

Employees

Individuals who are hired by an organization to perform specific duties in exchange for compensation, forming the workforce of the company.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, characterized by global economic, cultural, and political exchange.