Examlex
The gap that exists when equilibrium real GDP is less than full-employment real GDP is
Inefficiency
The lack of ability to achieve desired outcomes with minimal wasted effort or resources.
Faulty Reasoning
A flawed process of thinking that leads to incorrect conclusions or judgments, often due to logical fallacies or biases.
Negative Thinking
A cognitive pattern characterized by pessimistic attitudes and thoughts about oneself and the world.
Biological Processes
The physiological and biochemical functions that occur within living organisms to sustain life, growth, and reproduction.
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