In the Long Run

question 45

Multiple Choice

In the long run:

• A)aggregate demand is fixed.
• B)aggregate supply is fixed.
• C)aggregate demand tends to shift to the right.
• D)aggregate supply tends to shift to the left.

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Definitions:

External Reward

Motivation that comes from outside of the individual, often in the form of praise, money, or a physical reward.

Intrinsic Motivation

A drive to engage in activities for their own sake, deriving pleasure and satisfaction from the activity itself rather than from external rewards.

For Its Own Sake

Undertaking an activity for the pleasure and value derived directly from the activity itself, rather than for achieving an external goal.

Biologically Determined

Refers to traits, behaviors, or conditions that are influenced by genetic makeup rather than the environment.