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WingDing Inc.is a popular retailer with outlets in more than 30 cities in the United States.After a recent expansion during which it opened an additional 15 outlets,it was looking to expand its IT infrastructure to accommodate growing data needs.The IT department decided against increasing the capacity of the company's servers.Instead,the team used a third-party hosting service for its data storage needs and for running its applications.The employees at the megastore were allowed access to this information through a web interface.In this scenario,WingDing is employing _____.
Inflationary Gap
A scenario where aggregate demand exceeds aggregate supply at the level of full employment, leading to an increase in general price levels.
Equilibrium GDP
The level of Gross Domestic Product where aggregate supply equals aggregate demand, indicating an economy in balance without tendency to change.
Full Employment GDP
The total market value of all goods and services produced domestically by a country when all available resources are fully utilized.
Multiplier
In economics, a factor that quantifies the change in economic output as a result of a change in other economic variables, such as spending or investment.
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