The Normal Rate of Unemployment Around Which the Unemployment Rate

question 153

True/False

The normal rate of unemployment around which the unemployment rate fluctuates is called the natural rate of unemployment.

---

Definitions:

Metaneed

Represents the intrinsic growth needs that motivate a person to achieve higher states of psychological development, such as creativity and morality.

Maslow

Refers to Abraham Maslow, a psychologist known for creating Maslow's hierarchy of needs, a theory in psychology on human motivation.

Safety Needs

Basic human necessities for security and protection, including physical safety, health, and wellbeing, ranked as the second level in Maslow's hierarchy of needs.

Maslow

Refers to Abraham Maslow, an American psychologist best known for creating Maslow's hierarchy of needs, a theory in psychology regarding human motivation.