Allport Relabeled Common Traits to Avoid Confusion in Terminology

question 31

Multiple Choice

Allport relabeled common traits to avoid confusion in terminology.Common traits are also called

• A) individual traits.
• B) ego perception.
• C) learned responses.
• D) habits.

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Definitions:

Potential Output

The maximum amount of goods and services an economy can produce when it is fully employing its resources.

Aggregate Demand

The total demand for all goods and services in an economy at various price levels, over a specific time period.

Expansionary Gap

A situation where the actual output in an economy is higher than the potential output, often leading to inflation.

Potential GDP

The maximum output an economy can achieve when all resources are used efficiently and effectively, without causing inflation.