Which of the Following Increases Aggregate Supply in the Short-Run,everything

question 71

Multiple Choice

Which of the following increases aggregate supply in the short-run,everything else held constant?

• A) An increase in the price of crude oil.
• B) A successful wage push by workers.
• C) Expectations of a higher inflation.
• D) A technological improvement that increases worker productivity.

Describe the characteristics and needs of self-motivated high achievers.

Recognize the importance of feedback, goal setting, and the role of achievement motivation in enhancing employee performance.

Explain the concept of job enrichment and the job characteristics model, including its major components and how it affects employee motivation.

Understand the impact of cultural diversity on employee motivation and the specific motivational needs of workers in different cultural contexts.

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Definitions:

Economic Profits

The excess of total revenues over total costs, including both explicit and implicit costs.

Market Demand

The total quantity of a good or service that all consumers in a market are willing and able to purchase at various prices.

Long-Run Profits

The amount of money a firm makes after all inputs have been adjusted to their optimal levels, considering the long-term outlook.

Short-Run Profits

Profits earned during a brief period of time, not considering long-term investments or fixed costs.