Explanation:
1a : the set of articles or physical resources serving to equip a person or thing: such as. (1) : the implements used in an operation or activity : apparatus sports equipment. (2) : all the fixed assets other than land and buildings of a business enterprise. (3) : the rolling stock of a railway.
The complete question is
In the above figure, the inflationary gap when AD2 is the aggregate demand curve equals
A) the difference between 110 and 100.
B) the difference between $12.5 trillion and $12.0 trillion.
C) LAS minus SAS at a price level of 100.
D) AD1.
The Answer is option B the difference between $12.5 trillion and $12.0 trllion.
Explanation:
The inflationary gap is calculated by subtracting anticipated GDP from real GDP of the economy. The x-axis represent the national income and y-axis represent the expenditure.
It is the excess of aggregate demand over its level required to maintain full employment equilibrium in the economy. in the figure AD2 represents the aggregate demand curve.
Thus, inflationary gap when AD2 is aggregate the demand curve equals the difference between $12.5 trillion and $12.0 trillion.
Answer:
Option A; INSTRUMENTALITY.
Explanation:
The expectancy theory explains the processes an individual undergoes to make choices.
INSTRUMENTALITY is the perception of employees as to whether they will actually get what they desire or not.
Lucas's concern is related to instrumentality because he is not sure whether the on-time performance goal will be met or not, even if he puts more effort and performs as expected of him because there are other individual who may cause the desired result not to happen.
Therefore, based on expectancy theory, INSTRUMENTALITY is most closely related to Lucas's concern.
The Best option would be B, hope this helps