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Suppose there is a permanent decrease in capital in a particular country. How does this change affect that economy's potential GDP? What economic policies can the government use to offset this decline?
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The act of acknowledging or formally accepting the existence, validity, or legality of something.
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A situation, question, or matter in need of a solution, typically requiring thought, effort, or creativity to resolve.
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Directing involves guiding, leading, and managing individuals or teams to accomplish organizational goals.
Planning Function
An essential management activity that involves setting objectives and determining a course of action for achieving those objectives.
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