SophiaPretty

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About SophiaPretty

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Accounting,Algebra,Applied Sciences,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Economics,Engineering,English,Environmental science,Essay writing Hide all
Teaching Since: Jul 2017
Last Sign in: 304 Weeks Ago, 5 Days Ago
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  • MBA,PHD, Juris Doctor
    Strayer,Devery,Harvard University
    Mar-1995 - Mar-2002

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  • Manager Planning
    WalMart
    Mar-2001 - Feb-2009

Category > Business & Finance Posted 31 Aug 2017 My Price 7.00

MULTIPLE CHOICE (identify the one best answer below

MULTIPLE CHOICE (identify the one best answer below and explain your reasoning for each option): When businesses are pessimistic about the future and invest less than they had planned, then:

a. In the short-run, the firms hire fewer workers, overall consumption in the economy falls, aggregate demand falls, and the price level increases.

b. Over time (long-run), prices and nominal wages adjust downwards; this decreases the costs of production, and decreases the short-run aggregate supply.

c. In the long-run, the self-correcting mechanism results in a return to full-employment GDP but at a higher price level.

d. All of the above. e. None of the above.

Answers

SophiaPretty
(5)
Status NEW Posted 31 Aug 2017 04:08 AM My Price 7.00

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