Which of the Following Is a True Statement

question 75

Multiple Choice

Which of the following is a true statement?

• A)Firms and resource suppliers generally find it easier to reduce prices than to raise them.
• B)As the price level increases, interest rates will rise and therefore consumption and investment spending will also rise.
• C)An initial increase in aggregate demand may cause a further increase in aggregate demand because higher prices mean higher incomes.
• D)A decline in aggregate demand will primarily affect real output and employment if prices are inflexible downward.

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Definitions:

Group Size

The number of individuals forming a social or working group, which can influence dynamics and outcomes.

Refreshments

Light snacks or drinks provided in social gatherings, meetings, or events for participants or guests.

Closed Groups

Refer to a fixed membership group where no new members can join once the group has started, often used in therapeutic and workshop settings.

Bonding

The process of forming a close relationship or emotional connection with someone.