Figure 7-7 -Refer to Figure 7-7. at Output Level Y_K

question 137

Multiple Choice

Figure 7-7
-Refer to Figure 7-7. At output level Y_K,

• A) potential output is less than actual output.
• B) there is a surplus of real GDP.
• C) the unemployment rate exceeds the natural rate of unemployment.
• D) over time aggregate demand will rise to restore long-run equilibrium.

---

Definitions:

Strategic Fit

The degree to which an organization's strategies align with its external environment and internal resources and capabilities.

Level of Competition

The intensity and number of competitors within a market, affecting strategies and market positioning.

Situation Analysis

The systematic collection of data to identify the trends, conditions, and competitive forces that have the potential to influence the performance of the firm and the choice of appropriate strategies.

Targeting

The process by which businesses identify and reach specific audiences or demographics most likely to be interested in their products or services.