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As Defined by the National Institute of Standards and Technology

question 48

Multiple Choice

As defined by the National Institute of Standards and Technology (NIST) ,"________ is a model for enabling ubiquitous,convenient,on-demand network access to a shared pool of configurable computing resources that can be rapidly provisioned and released with minimal management effort or service provider interaction."


Definitions:

Depression

A severe recession.

Short Run

A period in economic analysis during which at least one factor of production is considered fixed, limiting the ability of the economy or firm to adjust to changes in market conditions.

Aggregate Supply

The total supply of goods and services that firms in a national economy plan on selling during a specific time period.

Aggregate-Demand Curve

A graph that shows the relationship between the overall price level and the total demand for goods and services in an economy.

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