Examining the Conditions That Could Lead to a Recession in an Economy

question 158

True/False

Examining the conditions that could lead to a recession in an economy is an example of a macroeconomics topic.

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Definitions:

Needs for Existence

Basic requirements necessary for survival, such as food, water, shelter, and safety.

Relatedness

The need to have meaningful relationships with others, considered essential for psychological well-being.

Growth Needs

The need for personal development, accomplishment, and self-actualization.

Hierarchical Need Theory

A psychological theory proposing that individuals have an order of needs that range from basic physical requirements to complex psychological needs, which must be fulfilled sequentially.