The Fact That Output Gaps Will Not Last Indefinitely, but Will

question 26

Multiple Choice

The fact that output gaps will not last indefinitely, but will be closed by rising or falling prices is the economy's:

• A)short-run equilibrium property.
• B)self-correcting property.
• C)income-expenditure multiplier.
• D)long-run equilibrium property.

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Definitions:

Performance Reviews

A formal assessment process wherein an employee’s job performance is evaluated, typically by their manager, using established criteria and objectives.

Pay-for-Performance

A compensation strategy where employees' pay is based on their performance or achievements in their role.

Performance Evaluations

The process of assessing and reviewing an employee's job performance through documented evaluations and feedback.

360-Degree Feedback

A performance appraisal method where an employee is evaluated by feedback from superiors, peers, subordinates, and sometimes clients.