Which of the Following Is a Defining Characteristic of the AD/AS

question 15

Multiple Choice

Which of the following is a defining characteristic of the AD/AS macro model in the long run?

• A)the level of potential output is constant
• B)technology used in production is constant
• C)factor supplies are assumed to be fixed
• D)factor prices are assumed to be fixed
• E)changes in real GDP are determined by the changes in potential output

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Definitions:

Organizational Learning

The process of creating, retaining, and transferring knowledge within an organization to maintain and improve its performance.

HR Function

Refers to the department within an organization that handles recruitment, management, and direction for the people who work in the organization.

Managing Change

The process, tools, and techniques used to manage the people-side of change to achieve the required business outcomes, ensuring that changes are smoothly and successfully implemented.

Change Process

The sequence of steps or activities that an individual or organization follows to move from a current state to a desired future state.