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What Are the Two Reasons Why the Rate of Growth

question 60

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What are the two reasons why the rate of growth of output has to be at least equal to the normal growth rate of output (which is 3.75% using Australian data 1960- 2011) to prevent the unemployment rate from rising? Explain.


Definitions:

Catastrophic Stress

Extreme stress that can occur from witnessing or experiencing a disastrous event, leading to significant psychological trauma.

Post-traumatic Stress Disorder (PTSD)

Post-traumatic Stress Disorder (PTSD) is a psychiatric disorder that can occur in people who have experienced or witnessed traumatic events, characterized by severe anxiety, flashbacks, and uncontrollable thoughts about the event.

Eustress

Positive stress that motivates individuals and enhances their performance.

Burnout

A state of physical, emotional, and mental exhaustion caused by prolonged stress, often related to work.

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