Which of the Following Likely Occurs When Households and Firms

question 34

Multiple Choice

Which of the following likely occurs when households and firms become more pessimistic?

• A)increased spending
• B)increased aggregate demand
• C)increased real GDP
• D)an increase in the unemployment rate

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Definitions:

Performance Measurement

The process of evaluating the efficiency and effectiveness of actions or operations within an organization or system.

Supply Chain Management

The oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.

Right Product

Ensuring that the correct product is selected based on customer needs, market demands, and business objectives.