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Case-Based Critical Thinking Questions Case 4-1 Tom and Andy are discussing file storage. They are working on a major project and want to be sure they can store their files in a way that they can easily find and share the files. Tom and Andy both have Microsoft Word. It would be best to store their files in its native format with an extension of ____.
Full Capacity
The maximum level of output that a company can sustain over a period without increasing long-term costs, often achieved by optimizing the use of resources.
Equilibrium GDP
The level of Gross Domestic Product where aggregate supply equals aggregate demand within an economy.
Full Employment GDP
The output level of an economy when all available resources are employed efficiently, corresponding to a situation with no cyclical unemployment.
Classical Range
In economics, refers to the level of output where all resources are fully employed, and prices are flexible, historically associated with the Classical theory of economics.
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