In the Aggregate Demand-Aggregate Supply Model, Everything Else Remaining Unchanged

question 23

Multiple Choice

In the aggregate demand-aggregate supply model, everything else remaining unchanged, a decrease in labor force shifts the____ to the_______ .

• A)long-run aggregate supply; right
• B)aggregate demand; right
• C)short-run aggregate supply; left
• D)aggregate demand; left

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Definitions:

Entrepreneurs

Individuals who initiate, manage, and assume the risks of starting and operating a new business venture.

Accountants

Accountants are professionals responsible for managing and reviewing financial information, ensuring accuracy, and compliance with laws and regulations, often aiding in financial planning and decision-making.

Business Ethicists

Scholars or professionals who study and advise on ethical practices and moral dilemmas in business environments.

Moderation

The act of avoiding extremes or excesses, especially in behavior or expression; seeking a balanced approach.