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Which of the Following Relationships Is Correct as a Statement

question 85

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Which of the following relationships is correct as a statement of the expectancy theory of motivation?


Definitions:

National Income

The total value of all goods and services produced by a country over a specific period, typically a year, including income from abroad.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given period.

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

Deflation

A sustained decrease in the price level.

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