In 2007 and 2008,Canada Was Affected by the Global Financial

question 53

Multiple Choice

In 2007 and 2008,Canada was affected by the global financial crisis that had begun with the U.S.housing collapse.By 2009,the Canadian economy had entered a recession,largely due to a reduction in investment and a ________.The policy objective for the Bank of Canada and the government at this time was to ________.

• A)fall in net exports; shift the AD curve to the right to close the recessionary output gap
• B)fall in consumption; shift the AD curve to the right to close the inflationary output gap
• C)fall in consumption; shift the AD curve to the left to close the recessionary output gap
• D)fall in net exports; shift the AS curve to close the inflationary output gap
• E)fall in housing starts; shift the AD curve to the left to close the recessionary output gap

Analyze the dynamics of the social communication model and its impact on business.

Comprehend the advantages of effective communication in a business setting and the role of cultural diversity.

Understand and appreciate the importance of cultural diversity in the workplace.

Recognize and explain the concept of information overload and strategies to guard against it.

---

Definitions:

Expense Accounts

Accounting categories used to track money spent or costs incurred in a company’s operations.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate revenue and expenses to the proper period.

Adjusting Entry

A journal entry made in the accounting records at the end of an accounting period to allocate income and expenditure to the appropriate period.