When ________, the Price Level Falls, Inventories Increase and Firms

question 250

Multiple Choice

When ________, the price level falls, inventories increase and firms respond by reducing output and employment.

• A) aggregate demand increases
• B) aggregate demand decreases
• C) aggregate supply decreases
• D) aggregate supply increases

---

Definitions:

Age and Success

The concept that the achievement of success is influenced by or varies according to an individual's age.

Unconsciously Competent

Describes a level of skill mastery where an individual executes tasks with high proficiency without conscious effort or attention.

Direct Reports

Employees who report directly to a manager or supervisor, indicating a direct line of authority and responsibility in the organizational hierarchy.

Conscious Incompetence

Awareness of one's lack of knowledge or ability in a certain area, recognizing the need for improvement.