According to the AS-AD Model

question 11

Multiple Choice

According to the AS-AD model,

• A)the AS curve is always equal to potential GDP.
• B)the aggregate quantity demanded is typically greater than the aggregate quantity supplied, thereby leading to inflation.
• C)the equilibrium is where the AS curve crosses the AD curve but the amount of real GDP at this point is not always equal to potential GDP.
• D)changes in the amount of potential GDP is the only factor that shifts both the aggregate supply curve and the aggregate demand curve.
• E)the aggregate quantity supplied is typically greater than the aggregate quantity demanded, thereby leading to unemployment.

Know the interorganizational capabilities of ERP systems.

Understand the correction of communication lacks among FAIS by specific designs.

Grasp the procurement process in enterprises.

Understand the different types of web platforms and their uses in collaboration and project management.

---

Definitions:

Retailers

Businesses that sell goods or commodities directly to consumers, typically in small quantities.

Wholesalers

Businesses that buy goods in large quantities from manufacturers and then sell them in smaller amounts to retailers or other businesses.

Foreseeable Plaintiffs

Individuals who could be reasonably expected to be affected by the defendant's actions or negligence and therefore may have grounds to sue.

Product Liability

Product liability refers to the legal responsibility of manufacturers and sellers for injuries caused by defective or dangerous products.