The Following Is Likely to Occur After a ________ Shock

question 80

Multiple Choice

The following is likely to occur after a ________ shock: [AD↑ ⇒ Y↑ ⇒ T↑ ⇒ deficit↓ ⇒ G↑ ⇒ AD↑ ⇒ Y↑].

• A) positive aggregate demand
• B) positive aggregate supply
• C) negative aggregate demand
• D) negative aggregate supply

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Definitions:

Knights of Labor

A labor organization founded in 1869 in the United States, aiming to promote the social and cultural uplift of the workingman, and advocating for an eight-hour workday and the end of child and convict labor.

Business Owners

Individuals who own and oversee the operations of a business, responsible for strategic decisions and financial risks.

Welfare Capitalism

A practice in which businesses provide welfare services to their employees, such as good working conditions, insurance, and retirement benefits, as a way to improve worker satisfaction and loyalty.

Employee Representation Plans

Workplace mechanisms, often outlined in company policy, that provide employees a platform to voice their concerns, feedback, and suggestions regarding their working conditions or environment.