-In the above figure, B is the current long-run aggregate supply curve and E is the current short-run aggregate supply curve. Technological advances mean the long-run aggregate supply curve and short-run aggregate supply curve
Definitions:
Zuckerman
Refers to Marvin Zuckerman, a psychologist known for his research on sensation seeking, a personality trait characterized by the search for experiences and feelings that are varied, novel, complex, and intense.
Self-Efficacy
A person's belief in their ability to succeed in specific situations or accomplish a task, central to Bandura's theory of social learning.
Locus of Control
A psychological concept referring to an individual's belief about how much control they have over the events in their life.
Bandura
Albert Bandura, a prominent psychologist recognized for his social learning theory, emphasizing the role of observational learning, self-efficacy, and reciprocal determinism in behavior.
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