If Output Exceeds Its Full-Employment Level,the Wage Rate Will Eventually

question 16

True/False

If output exceeds its full-employment level,the wage rate will eventually fall,causing a drop in the price level and a drop in real GDP until full employment is restored.

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Definitions:

Functional Structure

An organizational format that divides a company according to specialization, such as marketing, finance, and production.

Geographical Structure

An organization structure that groups together people and jobs performed in the same location.

Customer Structure

refers to the way a business organizes its customer base, often based on factors like demographics, buying behavior, or customer needs.

Matrix Structure

An organizational layout that assigns specialists from different departments to work on one or more projects under the coordination of a project manager.