In the Macroeconomic Short Run

question 134

Multiple Choice

In the macroeconomic short run,

• A) actual real GDP may be less than or more than potential GDP.
• B) actual real GDP always equals potential GDP.
• C) the unemployment rate is zero.
• D) the economy is always moving away from full employment.

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Definitions:

Cognitive-Behavioral Perspective

A psychological approach that emphasizes the role of thought processes and behaviors in understanding and treating mental disorders.

Neutralizing

A psychological mechanism that attempts to counteract or nullify uncomfortable or distressing thoughts and emotions.

Checking Compulsion

A form of obsessive-compulsive disorder characterized by the need to check things repeatedly, such as locks or appliances, driven by fear and anxiety.

Counting Compulsion

An obsessive-compulsive behavior that involves an uncontrollable urge to count objects or actions.