During a Recession

question 75

Multiple Choice

During a recession,

• A)real GDP is equal to potential GDP.
• B)real GDP is less than potential GDP.
• C)real GDP is greater than potential GDP.
• D)the relationship between real GDP and potential GDP no longer exists.
• E)the actual unemployment rate is less than the natural unemployment rate.

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Definitions:

Stereotyping

The oversimplified and generalized beliefs or expectations about individuals based on their membership in a certain group.

Stereotyping

The process of attributing a specific set of traits to a collective of individuals, disregarding their unique differences.

Stereotypic Information

Information that is oversimplified, generalized, or exaggerated characteristics pertaining to a group, often leading to prejudiced attitudes or beliefs.

Self-fulfilling Prophecy

A belief or expectation that causes itself to become true, merely because the belief influences behavior towards making it happen.