Figure 7-3 -Refer to Figure 7-3. Suppose That the Economy Is in Economy

question 66

Multiple Choice

Figure 7-3
-Refer to Figure 7-3. Suppose that the economy is in long-run equilibrium at point A. Now suppose net exports increase. As a result of this,

• A) real GDP is temporarily above potential output.
• B) the economy's potential output increases to Y₂.
• C) the economy moves to a new long-run equilibrium at point B.
• D) there is some cyclical unemployment.

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Definitions:

Company Culture

The shared values, beliefs, and practices that characterize an organization and influence its employees' behavior and attitudes.

Core Values

Fundamental beliefs or principles that are considered inherently important by an organization, guiding its behavior and decision-making.

Long-Term Benefit

Advantages or gains that accrue over a extended period of time, often seen as a result of strategic planning or investments.

Human Resource Management

The strategic approach to the effective management of an organization's workers so that they help the business gain a competitive advantage, including recruitment, training, and employee development strategies.