When the Short Run GDP and the Long Run GDP

question 95

True/False

When the short run GDP and the long run GDP coincide, then there exists an output gap in the economy.

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New Product

A product that has been recently developed or introduced to the market, offering new or enhanced features.

Marketing

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Potential Value

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Innovation Process

A series of steps that begins with ideation and proceeds through to the implementation of new products, services, or processes.