The Force Field Analysis Model States That Stability Is Achieved

question 102

True/False

The force field analysis model states that stability is achieved only when the driving forces for change subside and are replaced by restraining forces acting in the same direction.

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Definitions:

Keynes

Refers to John Maynard Keynes, a British economist whose theories on government spending and monetary policy formed the basis of Keynesian economics.

Aggregate Supply Curve

Graphical representation showing the total quantity of goods and services that producers in an economy are willing and able to supply at different price levels.

Price Level

An index that measures the average of current prices across the entire spectrum of goods and services produced in the economy compared to a base year.

Aggregate Supply Curve

A diagram that exhibits the comprehensive volume of goods and services that economic producers are ready and capable of supplying at assorted price levels.