The Position of the Long-Run Aggregate Supply Curve

question 56

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 unemployment is zero.
• C)shifts to the right when the price level increases.
• D)is at the point where the economy would cease to grow.

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Definitions:

Neuroticism

Personality trait characterized by anxiety, fear, moodiness, worry, envy, frustration, jealousy, and loneliness.

Openness

Refers to one's willingness to consider new ideas, be open to diverse experiences, and exhibit transparency in thoughts and actions.

Extroversion

A personality trait characterized by sociability, talkativeness, assertiveness, and high levels of emotional expressiveness.

The Big Five Model

A personality framework consisting of five broad dimensions used to describe human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.