Which of the Following Is True in the Long Run

question 132

Multiple Choice

Which of the following is true in the long run?

• A)The aggregate demand curve determines the level of potential output.
• B)The long-run aggregate supply curve is horizontal.
• C)The actual price level is less than the expected price level.
• D)Cyclical unemployment is between 5 percent and 6 percent.
• E)The price level is determined entirely by the aggregate demand curve.

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Definitions:

Job Analysis

The method of researching and gathering data on the requirements and content of positions, along with the environment in which these positions are executed.

Job Design

The process of organizing tasks, duties, and responsibilities into a productive work unit to enhance job satisfaction and performance.

Compressed Workweek

A work schedule that allows employees to work full-time hours in fewer days than a traditional workweek.

Job Satisfaction

The level of contentment employees feel regarding their job, which can impact their motivation, performance, and likelihood of remaining with the company.