Everything Else Held Constant,if Aggregate Output Is to the ________

question 102

Multiple Choice

Everything else held constant,if aggregate output is to the ________ of the IS curve,then there is an excess ________ of goods which will cause aggregate output to rise.

• A)right;supply
• B)right;demand
• C)left;supply
• D)left;demand

Recognize ethical considerations and environmentally friendly approaches in product design.

Know the principles of quality function deployment and their application in satisfying customer needs.

Identify the benefits of technologies such as Group Technology (GT), Computer-Aided Design (CAD), and Virtual Reality in product design and operations.

Understand the concept of time-based competition and its impact on product development and market success.

---

Definitions:

Median

The middle value in a data set when the values are arranged in ascending or descending order.

Discretionary Expense

Non-essential spending or expenses that an individual chooses to make, which can be cut without impacting their ability to cover basic living costs.

Measures Of Central Tendency

Single numbers, such as the mean, median, and mode, designed to represent a “typical” value for the data.

Outliers

Outliers are data points in a dataset that deviate significantly from the rest of the distribution, potentially indicating an error or a unique underlying process.