When Actual Output Equals Potential Output and the Inflation Rate

question 35

Multiple Choice

When actual output equals potential output and the inflation rate is equal to the expected rate of inflation, the economy is said to be in ________ equilibrium.

• A)long-run
• B)recessionary
• C)expansionary
• D)short-run

---

Definitions:

Warehouse Design

The process of strategically planning the layout and operation of a warehouse to maximize efficiency and effectiveness in handling and storing goods.

Push/Pull View

A perspective in supply chain management that categorizes processes as either push (production driven) or pull (demand driven).

Order Initiation

The process of starting a new order for goods or services, often involving requisition, approval, and purchasing steps.

Supply Chain Processes

Various steps involved in producing and delivering a product or service, from raw materials to delivery to the end consumer.