An Increase in Aggregate Demand Causes an Increase in ________

question 22

Multiple Choice

An increase in aggregate demand causes an increase in ________ only in the short run,but causes an increase in ________ in both the short run and the long run.

• A)the price level; real GDP
• B)real GDP; real GDP
• C)the price level; the price level
• D)real GDP; the price level

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Definitions:

MARS Model

A framework in organizational behavior that identifies four critical factors determining employee performance: Motivation, Ability, Role perceptions, and Situational factors.

Competencies

A mix of abilities, expertise, and competencies needed to successfully execute job responsibilities.

Role Perceptions

Individuals' understanding of their responsibilities, duties, and expectations within a specific role or position in an organizational or social context.

Values

Core beliefs or principles that guide an individual's or organization's behavior, decision-making, and interactions with others.