Describe the effect of expansionary monetary policy in a recession. Contrast the results with no monetary policy action.
What will be an ideal response?
The AD curve increases. Output quickly returns to full employment and the price levels rises. If there is no monetary policy change, the SRAS curve gradually increases. Full employment is eventually reached and the price level drops.
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Which of the following represents the bullwhip effect?
A. Customers receive distorted product demand information regarding sales information B. Organizations know about employee events triggered downstream in the supply chain C. The ability to view all areas up and down the supply chain D. Distorted product-demand information ripples from one partner to the next throughout the supply chain
An experiment consists of throwing two six-sided dice and observing the number of spots on the upper faces. Determine the probability that a.the sum of the spots is 3.b.each die shows four or more spots.c.the sum of the spots is not 3.d.neither a one nor a six appear on each die.e.a pair of sixes appear.f.the sum of the spots is 7.
What will be an ideal response?
Which of the following is LEAST related to the product life-cycle pattern?
A. sales and profits of a particular individual brand or product in the market B. the need for marketers to adjust their marketing mixes for a product category C. industry sales and profits for a product idea within a particular product-market D. the impact of increased competition on a new product idea over time E. growth and subsequent decline of sales for a product category
General Motors has several foreign subsidiaries, and is committed to international business. General Motors operates as a ______________________________.
Fill in the blank(s) with the appropriate word(s).