As Real GDP Per Year Increases Along the Short-Run Aggregate

question 182

Multiple Choice

As real GDP per year increases along the short-run aggregate supply (SRAS) curve, the SRAS curve

• A) becomes increasingly steep.
• B) begins to level out.
• C) shifts inward.
• D) does not change.

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Definitions:

Self-Directed Work Teams

Groups of employees who are given the autonomy and skills to manage their work and make decisions without direct supervision.

Scientific Management

A management theory developed by Frederick W. Taylor in the late 19th and early 20th centuries that emphasizes optimizing and simplifying jobs for greater productivity by utilizing scientific methods to design tasks and workflow.

High Performance Work Systems

Organizational approaches designed to enhance employee effectiveness and productivity through improved work practices and technologies.

Employee Involvement

Programs and practices that encourage employees to contribute ideas and participate in decisions that affect their work and the organization.