Consider the following example of the three-step process. assume infinite demand rate. the first step takes 20 minutes/unit. the second step takes 10 minutes/unit. the third step takes 15 minutes/unit. step 1 is staffed by 2 workers, but each of the steps 2 and 3 is staffed by 1 worker. what is the labor content of the process? what is the total idle time of the process assuming unlimited demand? what is the average utilization of the process?

Which of the statements best describes why the aggregate demand curve is downward sloping? an increase in the aggregate price level causes consumer and investment spending to fall, because consumer purchasing power decreases and money demand increases. as the aggregate price level increases, consumer expectations about the future change. as the aggregate price level decreases, the stock of existing physical capital increases. as a good's price increases, holding all else constant, the good's quantity demanded decreases.