Macroeconomic Equilibrium Occurs When

question 78

Multiple Choice

Macroeconomic equilibrium occurs when

• A)there is no inflation.
• B)real GDP is equal to potential GDP.
• C)the aggregate quantity demanded is equal to the aggregate quantity supplied.
• D)the economy is fully employed.
• E)the price level equals the potential price level.

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Definitions:

Environmental Scanning

The process of systematically collecting information about external factors that could impact an organization's decision-making and strategic planning.

SWOT Analysis

A methodology for strategic planning that helps in recognizing and comprehending the strengths, weaknesses, opportunities, and threats associated with competing in business or planning a project.

Internal Sources

Funding or resources generated from within an organization, including retained earnings, sale of assets, or employee skills and knowledge.

Inadequate Employee Skills

The gap between the skills employees have and the skills required for them to effectively perform their job roles.