Figure 27-5 -Refer to Figure 27-5.In the Dynamic Model of AD-AS in of AD-AS

question 287

Multiple Choice

Figure 27-5
-Refer to Figure 27-5.In the dynamic model of AD-AS in the figure above,if the economy is at point A in year 1 and is expected to go to point B in year 2,and no fiscal or monetary policy is pursued,then at point B

• A)the unemployment rate is very low.
• B)firms are operating below capacity.
• C)the economy is above full employment.
• D)income and profits are rising.
• E)there is pressure on wages and prices to rise.

Distinguish between high and low consensus, consistency, and distinctiveness cues in attribution theory.

Recognize the negative impacts of stereotypes and biases on workplace diversity and inclusion.

Understand how stereotypes and stereotype threat can influence individuals' behavior and performance.

Appreciate the role of diversity in enhancing business-unit performance and customer satisfaction.

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Definitions:

Variable Cost

Costs that vary directly with the level of production or output, such as materials and labor expenses.

Monthly Interest Rate

The interest rate applicable to an investment or loan on a monthly basis.

Net 30 Policy

A credit term indicating that payment is due in full 30 days after the invoice date.

Break-Even Level Of Sales

The amount of revenue from sales that is exactly sufficient to cover both fixed and variable costs, resulting in zero net profit or loss.