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Suppose the economy is in long-run equilibrium and there is an increase in investment.As a result,real GDP will ________ in the short run,and ________ in the long run.
Monte Carlo Simulation
A computational algorithm that uses repeated random sampling to obtain numerical results, often used to estimate complex probabilistic or deterministic systems.
Simulation Applications
Software programs designed to mimic the operation of real-world processes or systems for the purpose of analysis, training, or decision-making.
Exact Mathematical Model
A precise representation using mathematical equations to describe the characteristics or operations of a system or process.
Monte Carlo Simulation
A computational algorithm that uses repeated random sampling to obtain numerical results, often used in physical and mathematical problem-solving.
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