An economy is at potential GDP. If the price level increases in the short-run, all else equal, then... Select one: a. Firms will realize greater profits, since revenues increase, but nominal wages are still fixed. As a result, real GDP will rise above its full employment level, and the unemployment rate will be below the natural rate of unemployment. b. Firms will realize reduced profits since revenues fall, but nominal wages are still fixed. As a result, Real GDP falls below its full employment level, and the unemployment rate will be below the natural rate of unemployment. c. Firms will realize greater profits, since revenues increase, but nominal wage costs are falling. As a result, Real GDP rises beyond its full employment level, and the unemployment rate will be above the natural rate of unemployment. d. None of the above

When paul o’neill joined alcoa as ceo, he set a , that there would be zero workplace accidents. a lot of people in the organization thought this was impossible given how dangerous some aluminum-manufacturing jobs are, but alcoa’s safety record improved tremendously. as the board of governors of the american red cross considers planning, one option is to make strategic plans and then direct managers to align tactical and operational plans accordingly. another option is to have planning specialists managers across the organization make their own plans. why might this organization’s executives opt for the latter approach? check all that apply. (a) the environment is a dynamic one, and department and frontline managers can come up with more responsive plans than can central leadership. (b)resources will be better coordinated across the organization in support of the overall strategy.(c) senior leadership will have more control over the organization’s direction. (d)when managers come up with their own plans, they are likely to be more committed to following through on them.