When Aggregate Demand by Consumers ________,Firms Produce ________ Products to Accommodate

question 24

Multiple Choice

When aggregate demand by consumers ________,firms produce ________ products to accommodate the demand.

• A) rises; less
• B) rises; more
• C) declines; more
• D) all of the above.

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Definitions:

High Earnings

A term typically referring to significantly above-average income or profits.

Automated Production

The use of technology and machinery to control production processes, reducing the need for human labor.

Cost-reducing

Efforts or strategies implemented to lower production expenses, improve efficiency, and increase profitability.

Standard of Living

The level of wealth, comfort, material goods, and necessities available to a person, community, or nation.