Common Features of Simulations--Generating Values from Probability Distributions, Maintaining Records

question 42

Multiple Choice

Common features of simulations--generating values from probability distributions, maintaining records, recording data and summarizing results--led to the development of

• A) Excel and Lotus.
• B) BASIC, FORTRAN, PASCAL, and C.
• C) GPSS, SIMSCRIPT, SLAM, and Arena
• D) LINDO and The Management Scientist

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Definitions:

Depression Phase

An economic downturn marked by a long period of decline in GDP, high unemployment, falling prices, and reduced levels of trade and investment.

Unemployment Rate

The percentage of workers who are jobless and actively seeking positions.

Economic Indicators

Statistics about economic activities that allow analysis of economic performance and predictions of future performance.

Structural Unemployment

A type of unemployment that results from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand.