In 2009, Professor Mankiw Wrote an Article in the New

question 1

Multiple Choice

In 2009, Professor Mankiw wrote an article in the New York Times suggesting negative interest rates. The logic is that consumers would spend more money. The additional spending would:

• A) increase aggregate demand and act as a boost to the economy.
• B) decrease aggregate demand and act as a boost to the economy.
• C) increase aggregate demand and slow down the economy.
• D) decrease aggregate demand and slow down the economy.

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Definitions:

Job Design

The method of structuring work through the organization of tasks, duties, and responsibilities to boost job satisfaction and improve performance.

Open-book Management

A management approach where business financial information is shared with all employees to engage them in operating the business.

Functional Management

The management of specific areas of responsibility within an organization, such as HR, finance, or sales.

Timely and Relevant Feedback

Timely and Relevant Feedback is feedback that is provided soon after the event, situation, or performance it relates to, and is directly related to the tasks or goals at hand.