If the Average Interval Between Firms' Price Adjustments Is Relatively

question 65

Multiple Choice

If the average interval between firms' price adjustments is relatively long

• A) an increase in aggregate demand will cause a relatively short-lived increase in real GDP.
• B) an increase in aggregate demand will cause a relatively long-lived increase in real GDP.
• C) a reduction in aggregate demand will cause a relatively short-lived reduction in real GDP.
• D) none of the above.

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Definitions:

Job Demands-Resources Model

A theoretical framework explaining the dynamics of workplace stress, focusing on the balance between job demands that deplete employee resources and resources that mitigate stress.

Job Demands

Describes the physical, psychological, social, or organizational aspects of a job that require sustained effort and are therefore associated with certain physiological and psychological costs.

Job Resources

Elements within the work environment that help employees to perform their duties effectively, such as support from colleagues, access to information, and autonomy.

Burnout

A state of physical, emotional, and mental exhaustion caused by prolonged stress, leading to reduced performance and motivation.