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What Is the First Step in the ADDIE Training Process

question 41

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What is the first step in the ADDIE training process?

Analyze the effects of internet proliferation and changes in government expenditures on the economy.
Understand the practical applications and criticisms of the Phillips curve concept.
Understand the relationship between the money supply growth rate and its short-term effects on unemployment and inflation using the Phillips curve.
Analyze the long-term impacts of changes in the money supply on inflation and unemployment.

Definitions:

Innovation

The process of creating new products, services, or methods that improve efficiency or provide new benefits.

Distribution Method

Strategies and channels a company uses to deliver its goods or services to consumers.

Inverted-U Theory

A hypothesis suggesting that income inequality will rise and then fall over the course of economic development, forming an inverted U-shape curve.

R&D Expenditures

Funds allocated by companies, institutions, or governments towards research and development activities to innovate or improve products, services, or processes.

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