In the Equity Theory Model, a 'Comparison Other' Is an Individual

question 7

True/False

In the equity theory model, a 'comparison other' is an individual or group of people with whom the person compares his or her outcome/input ratio.

---

Definitions:

Long-run Equilibrium

A state in which economic forces such as supply and demand are balanced, occurring when the level of output is sustainable in the long term without creating inflation.

Labor Force

The total number of people available for work, including both the employed and the unemployed who are seeking employment.

Price Level

A measure of the average prices of goods and services in an economy.

Net Investment

The total amount spent by a company or economy on capital assets, minus depreciation.