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Consider the AD/AS Model and Suppose the Economy Begins at Potential

question 95

Multiple Choice

Consider the AD/AS model and suppose the economy begins at potential output.The effect of a negative AS shock on real GDP will be reversed in the long run with a ________ shift in ________.


Definitions:

Experienced Meaningfulness

The feeling of value and purpose in one’s work, leading to increased motivation and job satisfaction.

Growth-need Strength

The degree to which an individual needs personal growth, development, and intrinsic motivation at work.

Job Enrichment

Job enrichment is a process that enhances job satisfaction and employee motivation by integrating more meaningful tasks, giving workers more control over their duties, and offering opportunities for personal growth.

Higher Order Needs

Are esteem and self‐actualisation needs in Maslow’s hierarchy.

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