A Decrease in Aggregate Supply Will Tend to Cause the Price

question 46

Multiple Choice

A decrease in aggregate supply will tend to cause the price level to:

• A) rise and GDP to fall.
• B) rise and GDP to rise.
• C) rise and the unemployment rate to fall.
• D) fall and GDP to rise.

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Definitions:

Organizational Managers

Individuals responsible for planning, directing, and overseeing the operations and fiscal health of a business unit, division, department, or an operating unit within an organization.

Bureaucratic Organizational Structure

An organizational model characterized by a hierarchy of authority, formalized rules and procedures, and impersonal relationships.

Flexible Organization Structure

Describes an organizational framework that can easily adapt to changes, allowing for modifications in structures and processes.

Horizontal Differentiation

The division of roles and responsibilities within an organization that focuses on the specialization and expertise of its members, rather than their rank or status.