According to Hierarchy-Of-Needs Theory,our Highest Need Is for _____

question 154

Multiple Choice

According to hierarchy-of-needs theory,our highest need is for _____.

• A)esteem
• B)social security
• C)self-actualization
• D)safety

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Definitions:

Real GDP

The measure of the value of economic output adjusted for price changes (inflation or deflation), which reflects the real quantity of goods and services produced.

Stagflation

A situation in economic where slow economic growth and high unemployment occur simultaneously with rising prices (inflation).

Aggregate Demand

Total pull for goods and services in an economy, measured at a specific wide price level during a prescribed time scope.

Economic Boom

A period characterized by significant expansion in the economy, marked by increased production and consumption, lower unemployment rates, and robust economic growth.