An Increase in Labor Productivity Shifts the

question 100

Multiple Choice

An increase in labor productivity shifts the

• A) AD curve rightward.
• B) AD curve leftward.
• C) short-run aggregate supply (SRAS)curve leftward.
• D) SRAS curve rightward.
• E) none of the above

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Definitions:

Ethnocentrism

The act of judging another culture solely based on the values and standards of one's own culture.

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society, celebrating differences in heritage, traditions, and values.

Business Communication

The sharing of information between people within and outside of an organization that is performed for the commercial benefit of the organization.

Culture

The shared values, beliefs, norms, and practices of a group of people that shape their behavior and understanding of the world.