Changes in GDP in the Short Run Are Caused Primarily

question 35

Multiple Choice

Changes in GDP in the short run are caused primarily by

• A)demand factors.
• B)supply factors.
• C)technology.
• D)capital accumulation.
• E) all of the above

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Definitions:

Interest-Rate Cost-of-Funds Curve

A graphical representation illustrating the relationship between interest rates and the total cost of securing funds over different periods.

Optimal R&D Expenditures

The level of spending on research and development that maximizes an organization's returns or value.

Fast-Second Strategies

A business approach where companies quickly follow pioneers in a new market or technology, leveraging the groundwork laid by the first movers.

Dominant Firms

Refers to companies that have a major share of the market and significant influence over the prices and availability of products or services.