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Describe the Differences Between the Long and the Short Run

question 28

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Describe the differences between the long and the short run.


Definitions:

Motivation

The psychological processes that arouse, direct, and maintain human behavior towards achieving a goal.

Emotion

A complex psychological state involving an individual's subjective experience, physiological response, and behavioral or expressive response.

Transcendence Need

A psychological term referring to the human desire to go beyond the self and have experiences with spiritual dimensions or universal truths.

Internal Locus

The belief that one has control over their life events and outcomes, as opposed to external forces having that control.

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