Examlex
In Macroland,potential output equals $100 trillion and the natural rate of unemployment is 5%.If the actual unemployment rate is 7%,then the output gap equals
Means-end Analysis
A problem-solving strategy that involves identifying the differences between the current situation and the desired goal and steps to reduce these differences.
Working Backward
A problem-solving strategy that involves starting from the desired outcome and working in reverse order to find the solution.
Brainstorming
A method used to generate creative ideas by allowing participants to offer ideas spontaneously and unjudged.
Convergent Thinking
A cognitive process where the focus is on arriving at a single, correct solution to a problem.
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