If the Output Gap Equals -3.2 Percent, Then

question 8

Multiple Choice

If the output gap equals -3.2 percent, then

• A) cyclical unemployment equals the sum of structural and frictional unemployment.
• B) there is a recessionary gap.
• C) there is no cyclical unemployment.
• D) potential GDP is greater than actual GDP.

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Definitions:

Investiture Tactic

A socialization tactic where an organization affirms the new employee’s qualities and potential contributions right from the start.

Formal Mentoring Programs

Structured programs within organizations that pair less experienced individuals with more experienced mentors for guidance, support, and career development.

Matching Process

The method of aligning individuals’ skills, desires, or characteristics with corresponding opportunities, partners, or environments.

Investiture Tactics

Strategies used in organizational socialization where new members' unique characteristics are valued and utilized.