If the Price Level Turns Out to Be Higher Than

question 26

Multiple Choice

If the price level turns out to be higher than expected,

• A)businesses increase production
• B)the potential output level increases
• C)initially,the short-run aggregate supply curve shifts rightward; later,there is an upward movement along that curve
• D)initially,the short-run aggregate supply curve shifts rightward; later,there is a downward movement along that curve
• E)a contractionary gap develops

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Definitions:

Frame Bending

An approach in organizational change that involves modifying organizational structures and processes to achieve desired outcomes.

Frame Breaking

Involves significantly changing or challenging traditional beliefs, practices, or structures.

Reorientation

The process of changing one's focus, direction, or commitments towards new goals or principles.

Nadler-Tushman Model

A framework used for diagnosing organizational behavior and performance, focusing on the alignment between strategy, structure, and processes.