Increased Spending Growth Shifts the AD Curve Inward,and Decreased Spending

question 126

True/False

Increased spending growth shifts the AD curve inward,and decreased spending growth shifts the AD curve outward.

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Definitions:

McClelland's Learned Need

A theory suggesting that people's needs for achievement, power, and affiliation are acquired over time based on their life experiences.

Motivation Model

Theoretical frameworks that aim to explain the drive behind individuals' actions, desires, and needs.

Deficiency Needs

In Maslow's hierarchy of needs, these are the basic requirements for physical and psychological well-being that individuals are motivated to fulfill before achieving higher level growth needs.

Growth Needs

Psychological desires for personal development, improvement, and the achievement of one's potential.