According to the Classical Dichotomy, Which of the Following Increases

question 1

Multiple Choice

According to the classical dichotomy, which of the following increases when the money supply increases?

• A)the real interest rate
• B)real GDP
• C)the real wage
• D)None of the above increases.

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Definitions:

Goal Specificity

The degree to which goals are clearly defined, specific, and measurable, rather than vague or ambiguous, enhancing focus and direction.

Expectancy

A person's belief about the likelihood of achieving success in a specific situation, often influencing motivation and behavior.

Instrumentality

The belief or expectation that performing a certain behavior will lead to a particular outcome or reward.

Psychological Needs

Fundamental emotional or cognitive requirements for well-being and effective functioning, such as autonomy, competence, and relatedness.