If the Economy's Actual GDP Is Greater Than Its Potential

question 268

True/False

If the economy's actual GDP is greater than its potential GDP, then there is high unemployment in
that economy.

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Definitions:

Bathsheba Syndrome

Ethical failure amongst leaders, characterized by a sense of invulnerability that leads to poor personal decisions and misconduct.

Intoxicating

Having a substantial and often negative or overwhelming impact on mental or emotional state, typically related to substances but can also apply to experiences.

Corruptive

Referring to actions or behaviors that are dishonest, unethical, or designed to achieve an unfair advantage.

Iron Law

A principle suggesting that strong and enduring political organizations or movements tend towards oligarchy, even when they start out democratically.