If There Are Continual Decreases in Aggregate Supply,the Economy Will

question 66

Multiple Choice

If there are continual decreases in aggregate supply,the economy will experience

• A)a slow decrease in price levels.
• B)demand-pull inflation.
• C)an expansionary gap.
• D)cost-push inflation.

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Definitions:

Process Re-Engineering

The fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical areas such as cost, quality, service, and speed.

Mechanistic Organisation Design

A form of organizational structure characterized by rigid departmentalization, a clear hierarchy of authority, and a high degree of formalization in procedures and rules.

Strategic Objectives

Specific, measurable goals that an organization aims to achieve as part of its larger strategy.

Core Processes

The essential activities and procedures that are central to an organization's function and value creation.