Table 9-2 -Refer to Table 9-2. in Year 2, If the Supply

question 209

Multiple Choice

Table 9-2

-Refer to Table 9-2. In Year 2, if the supply of money measured by M2 was $1,000 billion, then the components of M2 not shown in the table must have totaled

• A) less than $250 billion.
• B) $250 billion.
• C) $300 billion.
• D) $450 billion.

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Definitions:

Lot Sizes

The quantity of units produced, ordered, or processed as a batch in manufacturing or supply chain management.

MRP

Material Requirements Planning; a system for managing manufacturing processes through inventory control, scheduling, and procurement.

JIT

Just In Time, a production strategy that aims to reduce in-process inventory and associated carrying costs by producing and delivering products just in time to be sold or used.

Gross Requirements Plan

A schedule that specifies the amount and timing of future material and component requirements necessary to fulfill the production plan.