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According to a survey done on teaching evaluations, engineering students consider the improvement of teaching to be the most important outcome of the evaluation process. In terms of the expectancy theory, the likelihood that students feel their inputs on the evaluations will lead directly to improved instruction is called ___________.
Resource Suppliers
Entities or individuals that provide the essential inputs or resources needed for production, including labor, capital, materials, and technology.
Expected Price Level
The anticipated average price of goods and services in the economy at a future point in time.
Actual Price Level
The current general level of prices for goods and services in an economy, which can affect purchasing power and inflation.
Short-Run Aggregate Supply
The total amount of goods and services that producers in an economy are willing and able to supply at a given overall price level in a short period.
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