In the Analysis of Strategy Maps, Strong Ties Are Those

question 3

True/False

In the analysis of strategy maps, strong ties are those causal links where the impact of one strategic objective on realization of another is average when compared to the strength of the other ties in the map.

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Definitions:

Recessionary Gap

A situation in which the real GDP is lower than the potential GDP, leading to unemployment and underutilized resources.

Supply Shock

A supply shock is an unexpected event that suddenly changes the supply of a product or commodity, leading to sudden changes in its price.

Recessionary Gap

A situation where the real Gross Domestic Product (GDP) is lower than the potential GDP, indicating underperformance in the economy.

Aggregate Demand Curve

A graphical representation of the relationship between the total demand for goods and services in an economy at different price levels.