The Aggregate Demand and Aggregate Supply Curve Intersect

question 222

Multiple Choice

The aggregate demand and aggregate supply curve intersect

• A)at potential GDP.
• B)below potential GDP.
• C)above potential GDP.
• D)at a point which may or may not be equal to potential GDP.

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Definitions:

Costs

Expenses related to attracting recruits.

Human Resource Planning

A process used to determine future human resource requirements and the business processes that will be needed to support and enable those resources by anticipating future business demands, analyzing the impacts of these demands on the organization, determining the current availability of human resources and the applicable business processes, and making decisions on how to effectively adapt and utilize firms’ human resources.

Succession Planning

The process of identifying and preparing suitable employees through development and training to replace key players within an organization as they vacate their positions.

Replacement Planning

A strategic process of identifying and developing potential successors for key positions within an organization to ensure continuity.