According to Okun's Law, Each Extra Percentage Point of ______

question 109

Multiple Choice

According to Okun's Law, each extra percentage point of ______ unemployment is associated with a ______ percentage point increase in the output gap.

• A) frictional; 2
• B) frictional; 4
• C) cyclical; 2
• D) cyclical; 4

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Definitions:

Freudian Terms

Concepts and theories proposed by Sigmund Freud that relate to psychosexual development, personality, and the unconscious mind.

Psychological Energy

A theoretical concept referring to the use of mental resources or drive to perform tasks, involving processes like motivation, attention, and effort.

Ego

In Freudian theory, the mental structure that develops out of the id as the infant is forced by reality to cope with the social world. The ego mediates between the id and the social world, allowing children to control and regulate behavior.

Superego

In Freudian terms, the conscience. It represents the authority of the child’s parents and sits in stern judgement of the ego’s efforts to hold the id in check. It becomes a major force in the personality in middle childhood.