If the Economy's Actual GDP Is Greater Than Its Potential

question 268

True/False

If the economy's actual GDP is greater than its potential GDP, then there is high unemployment in
that economy.

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Definitions:

Motivation

The driving force behind individuals' actions, desires, and needs to achieve goals.

Consistently

Displaying steadiness and uniformity in actions, values, methods, measures, principles, or outcomes.

Maslow's Hierarchy

Maslow's Hierarchy is a psychological theory that ranks human needs in a pyramid, from basic physiological needs to self-actualization, emphasizing the importance of fulfilling foundational needs first.

Love/Belonging

A psychological need involving emotional relationships with others, feeling part of a group, and experiencing love and friendship, which is crucial for human wellbeing.