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According to economists Robert Lucas and Thomas Sargent, the apparent short-run trade-off between unemployment and inflation in the 1950s and 1960s was the result of
Self-Actualized
The realization or fulfillment of one's talents and potentialities, especially considered as a drive or need present in everyone.
Self-Actualizing
The process of realizing and fulfilling one's talents, capacities, and potentialities, becoming more fully oneself.
Cognitive Needs
Cognitive needs are the mental requirements of an individual for understanding, discovering, and making sense of the world around them.
Hierarchy of Needs
A theory by Abraham Maslow outlining a pyramid of human needs, from basic physiological needs to the need for self-actualization.
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