Questions

Macroeconomics is the study of overall aggregate changes, behavior and performance of the economy of the country i.e, unemployment, GDP, inflation, etc...

The long-run aggregate supply curve is vertical because it is at the full-employment or potential output. Because the economy's potential output is determined by the availability and productivity of real resources, not by the price level. That means that even if demand increases, firms can't hire new workers and expand because everyone is already working.

I. Inputs

• Enterprise environmental factors


• Organizational process assets 


• Project scope statement


• Work breakdown structure


• WBS dictionary 


• Project management plan

             - Schedule management plan

             - Staffing management plan

             - Risk register

II. Tools and Techniques

• Analogous estimating


• Determine resource cost rates


• Bottom-up estimating


• Parametric estimating


• Project management software


• Vendor bid analysis


• Reserve analysis


• Cost of quality

III. Outputs

• Activity cost estimates 


• Activity cost estimate supporting detail 


• Requested changes


• Cost management plan (updates)

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