Falling Output in the Short Run Could Be Due To

question 85

Multiple Choice

Falling output in the short run could be due to:

• A) a reduction in aggregate demand.
• B) an increase in short-run aggregate supply.
• C) an increase in long-run aggregate supply.
• D) an increase in aggregate demand.

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Definitions:

Customer Structure

The composition and organization of a business's clientele, including types of customers and their relationship to the business.

Geographical Structure

An organizational structure that groups employees or departments based on geographic regions or locations.

Product Structure

An organizational design that arranges departments and teams based on specific products or product lines, enabling focused management and development efforts.

Functional Structure

An organizational layout that groups together employees who are performing similar tasks or functions, such as marketing or finance, facilitating specialization.