Examlex

Solved

A Disadvantage of Using Too Many Closed Questions in an Interview

question 68

Multiple Choice

A disadvantage of using too many closed questions in an interview is that they


Definitions:

Recessionary Gap

A situation where the real Gross Domestic Product (GDP) is lower than the potential GDP, indicating an economy operating below its full capacity.

Potential Output

The highest level of output of products and services an economy can achieve when all its resources are employed optimally.

Expansionary Gap

A situation where the actual output of an economy exceeds the potential output, typically indicating inflationary pressures.

Actual Output

Actual output refers to the real level of production achieved by an economy at a given time, which may differ from its potential or expected output.

Related Questions