What Is the Slope of the Long-Run Aggregate Supply Curve

question 65

Multiple Choice

What is the slope of the long-run aggregate supply curve?

• A)negative slope
• B)steep but positive slope
• C)vertical slope
• D)flat slope

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Definitions:

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, which suggests that people are motivated to fulfill basic needs before moving on to other needs, forming a hierarchy.

Absence Of Pain

A state or condition in which an individual does not experience discomfort or distress, physically or emotionally.

Achievement Motivation

An individual's drive to accomplish tasks, meet standards of excellence, and strive for success.

McClelland's Model

A theory of motivation that emphasizes the importance of three needs: achievement, power, and affiliation.