The Level of Potential Output and Location of the Long-Run

question 156

Multiple Choice

The level of potential output and location of the long-run aggregate supply curve are determined by

• A) Federal Reserve policy.
• B) the price level.
• C) the intersection of aggregate demand and short-run aggregate supply.
• D) the natural rate of unemployment.

Distinguish between process innovations and product innovations and their relevance to organisational success.

Recognize the characteristics of highly innovative organisations and the critical roles for innovation.

Explain the significance of strategic leadership in building learning organisations and enhancing competitiveness.

Comprehend the steps involved in the product innovation process.

---

Definitions:

Resistant To Change

The inclination to oppose or struggle against modifications to one's routine, environment, work, or beliefs.

Automatic Attitudes

Immediate, reflexive responses that are influenced by underlying preferences and prejudices.

Deliberate Attitudes

Beliefs and feelings that are consciously held and formed through reflection and reasoning.

Dissonance

A mental struggle arising from holding conflicting attitudes and beliefs at the same time.