As the Aggregate Demand Curve Shifts Rightward Along a Given

question 33

Multiple Choice

As the aggregate demand curve shifts rightward along a given aggregate supply curve,

• A)unemployment and inflation are higher.
• B)unemployment and inflation are lower.
• C)unemployment is higher and inflation is lower.
• D)unemployment is lower and inflation is higher.

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Definitions:

Delivery Gap

A type of service gap; the difference between the firm’s service standards and the actual service it provides to customers.

Service Standards

The levels of performance and quality that service providers commit to delivering to their customers.

Empowerment

In context of service delivery, means allowing employees to make decisions about how service is provided to customers.

Marketing of Services

Strategies and approaches used to promote and sell non-tangible products, such as banking, cleaning, or educational services.