Suppose There Has Been an Increase in Investment

question 15

Multiple Choice

Suppose there has been an increase in investment.As a result,real GDP will ________ in the short run,and ________ in the long run.

• A)increase; increases further
• B)increase; decrease to its initial value
• C)decrease; decrease further
• D)decrease; increase to its initial level

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Definitions:

Qualifying Suppliers

The evaluation and assessment process to determine if vendors meet specific criteria, standards, or requirements for providing goods or services.

Employee Training

Programs and activities designed to enhance the skills, knowledge, and capabilities of employees for better performance.

Six Sigma

A set of techniques and tools for process improvement aimed at reducing the probability of defect in manufacturing and business processes.

Defects Prevention

Strategies or actions taken to identify and mitigate potential flaws in products or services before they reach the consumer.