A High Need for __________ Often Is Associated with Successful

question 32

Multiple Choice

A high need for __________ often is associated with successful attainment of top levels in the organizational hierarchy, according to McClelland.

• A) power
• B) achievement
• C) affiliation
• D) success
• E) expertise

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Definitions:

Real GDP

The measure of a country's economic output adjusted for price changes (inflation or deflation), reflecting the real value of goods and services produced.

Short-Run Economic Recession

A brief period of economic decline characterized by reduced industrial production, trade, and lowered levels of employment.

Long-Run Aggregate-Supply Curve

A vertical curve representing the real output of goods and services that an economy can produce when resources are fully employed, irrespective of the overall price level, over time.

Short-Run Equilibrium

A state in which market supply and demand balance each other, and as a result, prices become stable temporarily.