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Actual unemployment can fall below the natural rate of unemployment due to
Post-Decisional Justification
The tendency to rationalize a decision after it has been made to reduce cognitive dissonance.
Optimistic Evaluation
The tendency to assess situations, challenges, or opportunities in a positive light, expecting favorable outcomes.
Synergy
The interaction or cooperation of two or more organizations, substances, or agents to produce a combined effect greater than the sum of their separate effects.
Employee Involvement
Refers to practices and methods that empower employees to participate in decisions that affect their jobs and the overall direction of the organization.
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