Many Websites Are Updated Continually, Such as Websites Published by News

question 72

True/False

Many websites are updated continually, such as websites published by news organizations.

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Definitions:

Production

The process of creating goods and services through the combination of labor, materials, and technology.

Recessionary Gap

The difference between the actual output of an economy and its potential output, occurring when the economy is underperforming.

Expansionary Gap

A situation where the actual output in an economy exceeds the potential output, often leading to inflation.

Cost-Push Inflation

Cost-push inflation is caused by an increase in the prices of production inputs like labour and raw materials, leading to decreased supply and increased cost of finished goods.