The Position of the Long-Run Aggregate Supply Curve

question 98

Multiple Choice

The position of the long-run aggregate supply curve

• A)is determined by the things that determine output in the classical model.
• B)is at the point where the unemployment rate is zero.
• C)shifts to the right when the price level increases.
• D)is at the point where the economy would cease to grow.

---

Definitions:

Psychological Empowerment

The belief in one's ability to influence events, contribute to decision-making processes, and possess control over one's work environment.

Self-Determination

The process by which a person controls their own life.

Group Harmony

The degree to which members of a group or team are able to maintain cooperative and conflict-free relationships.

Independent Rationalization

The process of reasoning or making decisions based on one's own logical analysis, independent of external influences or pressures.