An Abstract Data Type (AD

question 1

True/False

An Abstract data type (AD
T) is a programmer-defined data type that specifies the values the type can hold, the operations that can be performed on them, and how the operations will be implemented.

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Definitions:

Business Cycle

The periodic fluctuations in economic activity characterized by phases of expansion and contraction.

National Debt

The total amount of money that a country's government has borrowed from various sources.

Functional Finance

An economic theory that prioritizes achieving full employment and stable pricing over balancing budgets.

Potential GDP

The maximum possible level of output an economy can produce without triggering inflation, assuming full employment and optimal use of resources.