Examlex
Assume initially that real GDP is equal to potential GDP. Explain carefully whether each of the following would cause real GDP to rise above or fall below potential GDP.
Internal and External Information
Information used in decision making; internal information originates from within an organization, while external information comes from outside sources.
Strategic Thinking
The ability to anticipate, envision, maintain flexibility, and work with others to initiate changes that will benefit in the future.
Risk-taking Behaviour
Refers to the propensity of an individual or organization to engage in actions that have potential for significant loss or gain.
New Opportunities
Refers to emerging chances or prospects that can potentially lead to growth, development, or benefits in various contexts such as business, career, or innovation.
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