In the Long Run, Current Output Will

question 76

Multiple Choice

In the long run, current output will:

• A) equal potential output.
• B) be less than potential output.
• C) be above potential output.
• D) only equal potential output if unemployment is zero.

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Definitions:

Neoliberalism

An economic and political ideology that emphasizes free-market capitalism, deregulation, and a reduction in government spending.

Empowerment Of Workers

The process of giving employees greater control, autonomy, and decision-making power within their workplace.

Functional Autonomy

A principle in psychology that pertains to how motives can become independent from their origins and demonstrate new patterns of behavior.

Functional Autonomy

A concept in psychology that refers to a behavior or motive that has become independent of its original cause or source, serving its own purpose.