Suppose business firms collectively become pessimistic about prospects for future profits because of continued worries about terrorism. Explain how this would affect investment, aggregate demand, output, and the price level in the short run and the long run.
What will be an ideal response?
The reduction in business optimism reduces investment and thus aggregate demand, shifting the AD curve to the left. In the short run, output and the price level both decline. Over time, the SRAS curve will shift right to restore long-run equilibrium, reducing the price level further and increasing output back to its full-employment level.
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Which of the following motions asserts that based on supporting evidence outside the pleadings, there are no factual disputes to be decided by the jury, and the judge can apply the proper law to the undisputed facts and decide the case without a jury?
A. motion for summary judgment B. motion for judgment on the pleadings C. motion for a directed verdict D. motion for judgment notwithstanding the verdict
Smart Shoppers, an online store that delivers its products to homes in and around California, recently switched its entire fleet to biodiesel trucks that run on used cooking oil rather than gas. Smart Shoppers has most likely developed a(n) ________
A) vertical marketing channel B) green supply chain C) multitiered marketing channel D) intermodal transportation system E) hybrid distribution system
Mary Parker Follett’s contribution to administrative theory was emphasizing the need for worker participation, ______, and ______.
a. shared goals; distinct operating activities b. conflict resolution; fairness c. fairness; shared goals d. conflict resolution; shared goals
Raj and Ben are best friends. Raj regularly participates in marathons and is part of the marathon runners club at his university. Ben also wants to be part of the club but is not a very strong runner
Ben decides to start running every day so that he can soon participate in a marathon and become part of the club. Given this information, marathon runners act as which type of reference group for Ben? a. A secondary reference group b. A primary reference group c. An aspirational reference group d. A nonaspirational reference group