When Equilibrium GDP Falls Below Potential GDP, an Inflationary Gap

question 137

True/False

When equilibrium GDP falls below potential GDP, an inflationary gap exists.

---

Definitions:

Retention of Key Talent

Strategies and practices employed by organizations to retain highly skilled and essential employees.

Succession Management

Strategic planning process for identifying and developing new leaders to replace old leaders when they leave or retire.

Succession Planning

The process of identifying and developing new leaders who can replace old leaders when they leave, retire, or pass away.

HR Supply Planning

The process of ensuring that an organization has the right number and kind of people, with the necessary skills and competencies, in the right places at the right times to fulfill its goals.