The Full-Employment Rate of Unemployment Is Also Called the

question 51

Multiple Choice

The full-employment rate of unemployment is also called the

• A) potential rate of unemployment.
• B) cyclical rate of unemployment.
• C) frictional rate of unemployment.
• D) natural rate of unemployment.

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Definitions:

Process Theories

Encompass theories that describe how various psychological and behavioral processes influence motivational levels and patterns of human behavior.

Motivation

The internal drive or external stimuli that spur individuals to action toward achieving a goal.

Equity Theory

A theory of motivation that people are motivated to maintain a balance between their inputs and outputs comparable to others in similar situations.

Negative Inequity

A perception that arises when an individual feels they are receiving less than they are giving or less than others are receiving in similar situations.