Economists Who Argue That the AS Curve Is Vertical in the Long

question 83

Multiple Choice

Economists who argue that the AS curve is vertical in the long run at potential output also argue that in the long run, the ________ is vertical at the natural rate of unemployment.

• A) Phillips curve
• B) aggregate demand curve
• C) aggregate expenditures curve
• D) production possibility curve

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Definitions:

Self-esteem

A person's personal assessment of their self-value or worth.

Role Stress

Psychological stress or tension resulting from conflicting demands, expectations, or roles associated with one's job.

Organizational Commitment

An employee's psychological attachment to their organization, often resulting in a willingness to remain with the organization and go above minimal requirements.

High Self-monitors

Individuals highly sensitive to the social and interpersonal cues in their environment, thus able to adjust their behaviors accordingly to different situations.