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What Is the First Step in the SDLC

question 54

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What is the first step in the SDLC?


Definitions:

Aggregate Supply

The total supply of goods and services that firms in an economy are willing and able to sell at a given price level during a specific time period.

Macroeconomic Instability

A condition characterized by large and unpredictable fluctuations in key economic indicators such as GDP, inflation, and unemployment rates.

Aggregate Demand

The total demand for all goods and services within an economy at a given overall price level and in a given time period.

International Oil Prices

The cost per barrel of crude oil as determined on the global market, influenced by factors like supply and demand, geopolitical events, and economic data.

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