If the Coefficient a in the New Classical Expression for Short-Run

question 49

Multiple Choice

If the coefficient a in the new classical expression for short-run aggregate supply were equal to zero,

• A)aggregate output would always be at its full-employment level.
• B)the short-run aggregate supply curve would slope down.
• C)the short-run aggregate supply curve would be a horizontal line.
• D)aggregate output would only differ from its full-employment level if the actual price level did not equal the expected price level.

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Definitions:

Machiavellianism

A personality trait that involves manipulation and exploitation of others, a cynical disregard for morality, and a focus on self-interest and deception.

Internal Locus Of Control

The belief that individuals control their own destiny and outcomes based on their actions and decisions.

Proactive Personality

The disposition that identifies whether or not individuals act to influence their environments.

Career Success

Achieving desired job achievements, which may include promotions, high-level recognition, and personal fulfillment in one's career.