According to the Lucas Supply Function, ________ Affect(s) Both Actual

question 266

Multiple Choice

According to the Lucas supply function, ________ affect(s) both actual and expected price levels in the same way.

• A) any announced policy change
• B) any unanticipated policy change
• C) only announced fiscal policy changes
• D) only announced monetary policy changes

---

Definitions:

Deprivation Need

A concept in psychology referring to the absence of essential psychological or physical needs which can lead to negative outcomes.

Maslow

Pertains to Abraham Maslow, an American psychologist known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.

Being Needs

Fundamental aspects of human motivation and personality related to self-actualization, such as creativity, problem-solving, and acceptance of facts.

Deprivation Motivation

A drive that emerges from a lack of critical psychological or physical needs, leading to behaviors aimed at fulfilling those deficits.