In Reality,idle Resources Must Exist in the Economy in Order

question 107

True/False

In reality,idle resources must exist in the economy in order for the multiplier process to lead to an increase in Real GDP.

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Definitions:

Innovation

The process of creating new ideas, products, or methods, often leading to technological progress or market disruption.

Electricity Consumption

The amount of electrical power used by devices, systems, or facilities over a specific period of time.

Consumer

An individual who purchases goods or services for personal use rather than for manufacture or resale.

Implementation

The process of putting a decision or plan into effect; execution.