The Hungarian Method Involves

question 10

Multiple Choice

The Hungarian method involves

• A)matrix reduction.
• B)subtracting and adding appropriate values to yield an optimal solution.
• C)continuing iteratively until the value of one of the solutions is zero.
• D)All of these are correct.

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Definitions:

Keynesian Model

An economic theory stating that active government intervention is necessary to manage economic fluctuations and stimulate demand during downturns.

Money Supply

The sum of all funds available in an economy, including cash, coins, and checking and savings account balances, at a particular point in time.

Foreign Exports

Products or services that are manufactured in one nation and purchased by consumers in a different country.

Say's Law

Say's Law, also known as the law of markets, is an economic principle which suggests that production creates its own demand, positing that a supply of goods will ultimately lead to the creation of an equivalent demand.