Figure 6-1 -In Figure 6-1,a Movement from Point B to Point C

question 38

Multiple Choice

Figure 6-1
-In Figure 6-1,a movement from point B to point C could be explained by

• A)an increase in the price level.
• B)a decrease in the price level.
• C)the start of a short-term war.
• D)the real-balance effect.

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Definitions:

Physiological Needs

Basic requirements vital to human survival, such as air, food, water, and shelter, often represented as the foundation in Maslow's hierarchy of needs.

Safety

The condition of being protected from or unlikely to cause danger, risk, or injury.

Hierarchy of Needs

A theory in psychology proposed by Abraham Maslow positing that people are motivated to achieve certain needs and that some needs take precedence over others, from basic physiological needs to self-actualization.

Abraham Maslow

A psychologist renowned for establishing the hierarchy of needs according to Maslow, a concept of psychological well-being based on satisfying inborn human necessities.