Fluctuations in Real GDP Are Caused Only by Changes in Aggregate

question 136

True/False

Fluctuations in real GDP are caused only by changes in aggregate demand and not by changes in aggregate supply.

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Definitions:

Workers' Expectancies

Relates to the anticipations or beliefs workers hold about the outcomes of their efforts and how these beliefs influence their motivation and performance.

Clear Performance Goals

Specific, measurable, achievable, relevant, and time-bound objectives set to evaluate an individual's or organization's effectiveness and efficiency in achieving desired outcomes.

Valence

In psychology, the intrinsic attractiveness/goodness or averseness/badness of an event, object, or situation.

Work Outcomes

The results or outputs derived from an individual's or group's efforts at work, encompassing productivity, performance, and job satisfaction.