Which of the Following Are the Three Basic Categories of Needs

question 24

Multiple Choice

Which of the following are the three basic categories of needs identified by Clayton Alderfer in his ERG theory?

• A) esteem, relatedness, and goal
• B) existence, relatedness, and growth
• C) existence, recognition, and growth
• D) esteem, recognition, and goal
• E) existence, relatedness, and goal

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Definitions:

Aggregate Demand

The cumulative request for goods and services in an economy, gauged at a singular comprehensive price level during a designated time span.

Keynesian Economist

An economist who follows the principles of John Maynard Keynes, advocating for government intervention through fiscal and monetary policies to manage economic cycles.

Recession

A period of economic decline across an economy lasting more than a few months, typically visible in GDP, real income, employment, industrial production.

Aggregate Supply

The overall quantity of products and services that companies in a country's economy intend to sell over a set duration.