In the Macroeconomic Long Run

question 233

Multiple Choice

In the macroeconomic long run,

• A) GDP always is below potential GDP.
• B) there is full employment with no unemployment.
• C) there is full employment and real GDP is equal to potential GDP.
• D) output always is above potential GDP.

---

Definitions:

Self-Actualization Needs

The highest level in Maslow's hierarchy of needs, representing the need for personal growth and fulfilling one's potential.

McGregor's Theory X

A management theory assuming that employees are naturally unmotivated and dislike work, leading managers to take a controlling approach.

Higher-Order Needs

Refers to psychological needs that are related to the self-actualization and personal growth of an individual, as highlighted in Maslow's hierarchy of needs.

Benevolents

Individuals who exhibit a disposition to do good and to act with kindness and charity.