A Decrease in Aggregate Demand Causes a Decrease in ________

question 178

Multiple Choice

A decrease in aggregate demand causes a decrease in ________ only in the short run, but causes a decrease in ________ in both the short run and the long run.

• A)the price level; real GDP
• B)real GDP; real GDP
• C)the price level; the price level
• D)real GDP; the price level
• E)unemployment; real GDP

---

Definitions:

Quality of Work

The degree to which a job or task is executed or performed with excellence, meeting or exceeding the standards or requirements.

Less Effort

Less effort refers to achieving a goal or completing a task with minimal physical or mental exertion.

Affective Organizational Commitment

The emotional attachment and identification that an employee has towards their organization, influencing their desire to remain part of it.

Emotional Attachment

The affective bond or connection one develops with an object, individual, or concept, often leading to feelings of closeness or personal significance.