In a Binding Situation, a Positive Cost Shock Will Cause

question 179

Multiple Choice

In a binding situation, a positive cost shock will cause ________ in output and ________ in the price level.

• A) no change; no change
• B) a decrease; an increase
• C) no change; an increase
• D) a decrease; no change

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Definitions:

Training Evaluation

The process of assessing the effectiveness and impact of training programs, usually involving measures of participant learning, behavior change, and organizational outcomes.

Organizational Strategy

A company's comprehensive plan to achieve long-term goals, align operations, and utilize resources effectively to gain a competitive advantage.

Behaviour Modelling

A training technique that involves demonstrating desired behaviors as a way for learners to observe and then replicate the behavior in real-life scenarios.

Role-play

A training or learning technique in which individuals simulate actions and scenarios to practice responses, improve skills, or understand different perspectives.