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Complete the accompanying table and answer the question based on the resulting data. All ?gures are in billions of dollars. If the economy was closed to international trade, the equilibrium GDP and the
Multiplier would be
Proactive
Characterizes an approach that anticipates and initiates change rather than reacting to events.
Contingency Planning
The process of preparing strategies to address unexpected events or emergencies that could negatively impact operations.
Changing Circumstances
Refers to the varying conditions or situations that can affect an individual's or organization's decisions and actions.
Implemented
The act of carrying out a plan, policy, or method into action to achieve a given goal.
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