The Aggregate Demand Curve Reflects

question 71

Multiple Choice

The aggregate demand curve reflects:

• A)a direct relationship between the price level in an economy and the real GDP demanded.
• B)a direct relationship between real GDP demanded and total unemployment.
• C)an inverse relationship between the price level in an economy and the nominal GDP demanded.
• D)an inverse relationship between the price level in an economy and the real GDP demanded.
• E)an inverse relationship between the real GDP demanded and total unemployment.

---

Definitions:

High Instrumentality

The belief that performance will lead directly to desirable outcomes, an essential concept in expectancy theory of motivation.

High Valence

A condition or characteristic that is highly valued or desired by individuals, often motivating actions or behaviors toward achieving a specific outcome.

Positive Expectancies

The belief or anticipation that one's actions will lead to positive outcomes or successes.

Performance-contingent Basis

is a system where rewards or payments are based on the achievement of specific performance criteria.