In the Long-Run AS-AD Model

question 15

Multiple Choice

In the long-run AS-AD model,

• A) the position of the AD curve determines output
• B) the self-correcting mechanism of the economy is irrelevant
• C) the AS curve shifts leftward whenever the economy is growing
• D) the position of the AD curve determines the price level
• E) output fluctuates a great deal

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Definitions:

Five-Factor Model

A comprehensive model defining human personality through five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Job Performance

refers to the level of effectiveness and efficiency with which an employee fulfills their job responsibilities and tasks.

Personality Dimensions

Fundamental categories or traits used to describe and differentiate individuals' personalities, often including factors like extraversion, agreeableness, openness, conscientiousness, and neuroticism.

Trait Approach

A method in psychology focused on the identification and measurement of consistent personality characteristics and differences among individuals.