In Order to Save on Costs,Ellie Has Determined That Her

question 9

Multiple Choice

In order to save on costs,Ellie has determined that her bookstore will sell only what is on the shelves and will order any books that they do not have for customers.This is an example of what cost saving method?

• A)reducing waste
• B)increasing output
• C)spending wisely
• D)just-in-time inventory

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Definitions:

Potential Output

The maximum output an economy can produce without causing inflation when all resources are fully employed.

Aggregate Demand Curve

A curve that illustrates the total demand for all goods and services in an economy at various price levels, assuming all other factors remain constant.

Short-Run Aggregate Supply Curve

A curve depicting the relationship between the total supply of goods and services produced by a country and the price level for that output in the short term, taking some input prices as fixed.

Treasury Securities

Debt instruments issued by a government to finance its spending, offering a safe investment option with a guaranteed rate of return.