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A recessionary gap exists when potential GDP
Achieve Equity
The process or aim of ensuring fairness and justice within the allocation of resources, responsibilities, and opportunities among members of a community or organization.
Perceived Fairness
An individual's belief or perception regarding the equity or justice of a situation, process, or decision.
Social Comparison
The process of evaluating oneself in relation to others, which can influence self-esteem, motivation, and social behaviors.
Equity Theory
A theory in social psychology that posits individuals assess their job satisfaction based on the ratio of inputs to outcomes compared to others, seeking fairness in exchanges.
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