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If the Economy Is at Equilibrium Above Potential Output, There

question 98

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If the economy is at equilibrium above potential output, there is a(n) _____ gap, and _____ fiscal policy is appropriate.


Definitions:

Born With

Refers to innate qualities, traits, or characteristics that an individual possesses from birth.

Dialectic Personalities

Individuals who embody or exhibit a synthesis of contrasting or opposing viewpoints, leading to a more comprehensive perspective.

Csikszentmihalyi

A psychologist known for his work on the concept of flow, a state of absorption where one's skills are fully involved in overcoming a challenge that is just about manageable.

Left-brained

Referring to a person who is more analytical, logical, and detail-oriented, traditionally thought to be associated with the left hemisphere of the brain.

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