In the Long Run, If the Prices of Goods and Services

question 60

Multiple Choice

In the long run, if the prices of goods and services paid by consumers increase the long-run aggregate:

• A) supply will increase.
• B) supply will decrease.
• C) supply will stay the same.
• D) demand will increase.

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Definitions:

Enriching

In a work context, refers to enhancing job content through methods that increase an employee's responsibility, autonomy, and opportunities to grow.

Job Design

The process of defining how work will be performed and what tasks will be required in a given job, aimed at improving job satisfaction and productivity.

Job Analysis

A systematic process of collecting and examining information about a job's content and the qualities required to perform it effectively.

Job Enrichment

The process of making a job more rewarding, challenging, and interesting by adding responsibilities or new tasks that increase the worker's control or participation.