If the Economy Is Currently in Equilibrium at a Level

question 110

Multiple Choice

If the economy is currently in equilibrium at a level of GDP that is below potential GDP,which of the following would move the economy back to potential GDP?

• A) An increase in wealth.
• B) An increase in interest rates.
• C) A decrease in business confidence.
• D) An increase in the value of the dollar relative to other currencies.

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Definitions:

Social Characteristics

Traits that describe individuals or groups based on their social behaviors, interactions, and roles within a community or society.

Job Satisfaction

A measure of how content an individual is with their job, encompassing aspects like work environment, role clarity, recognition, and personal achievement.

Organizational Commitment

The psychological attachment and loyalty a member has towards their organization, which can influence their willingness to remain part of it.

Job Crafting

Self-initiated changes that employees make in their job demands and job resources to improve the fit or match between characteristics of their job and their personal abilities and needs.