Including Criteria in a Problem Statement May Have What Effect

question 7

Multiple Choice

Including criteria in a problem statement may have what effect?

• A)Prematurely limiting the search for ideas.
• B)Structuring the problem so it will be easier to solve.
• C)Preventing people from wasting our time with silly ideas.
• D)Clarifying problem ownership.

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Definitions:

Multiplier

In economics, the factor by which gains in total output are greater than the change in spending that caused it, often used in the context of fiscal policy effects.

Equilibrium GDP

The level of GDP at which total supply and total demand in the economy are equal, resulting in no inherent tendency for the economy to change its level of output.

Full Employment GDP

The maximum output that an economy can produce without causing inflation, when all available resources are utilized efficiently.

Keynes

From the UK, this economist's theories ushered in a new era for macroeconomic practice and governmental economic policy-making.