The Self-Correcting Property of the Economy Means That Output Gaps

question 83

Multiple Choice

The self-correcting property of the economy means that output gaps are eventually eliminated by:

• A)rising or falling prices.
• B)falling prices only.
• C)increasing or decreasing potential output.
• D)government policy.

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Definitions:

Social Skills

The abilities used to communicate and interact with others effectively, including both verbal and non-verbal communication techniques.

Marital Partners

Individuals who are legally married to each other.

Family Therapists

Professionals specialized in treating psychological, emotional, and relational issues within the context of the family system.

Desensitization Techniques

Therapeutic methods used to reduce phobic responses or anxiety through gradual exposure to the feared object or situation.