When Real GDP Increases, People Demand

question 83

Multiple Choice

When real GDP increases, people demand

• A)the same quantity of real money.
• B)more real money.
• C)less real money.
• D)more money in nominal terms but less in real terms.

---

Definitions:

Reengineering

involves the radical redesign of core business processes to achieve dramatic improvements in productivity, cycle times, and quality.

Incremental Improvements

Small, gradual changes or enhancements made to a process, product, or service to improve efficiency, quality, or performance.

Consortium

A group of companies, universities, or other organizations that collaborate on a common project or share resources to achieve a common goal.

OD Efforts

Initiatives taken as part of Organization Development, aimed at improving organizational effectiveness, health, and capacity through planned interventions.