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In a Phillips phase, real GDP rises and inflation falls.
Good Objective
A well-defined and achievable goal that guides actions and decisions in a specific direction for desired outcomes.
Specific
Clearly defined and precise, leaving little to no room for ambiguity or variability.
Strategic Planning
The process of defining a direction for an organization by setting goals, determining actions to achieve the goals, and mobilizing resources to execute the actions.
Day-To-Day Operations
Activities and tasks that a business or organization performs regularly to ensure its continued functioning and success.
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