Use the Following to Answer Questions

question 14

Multiple Choice

Use the following to answer questions .
Exhibit: Aggregate Expenditures and Real GDP 2
-(Exhibit: Aggregate Expenditures and Real GDP 2) Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, I_P = Planned Investment and Y* = equilibrium real GDP. Suppose AE = C + I_P, I_P is autonomous and the consumption function is C = $1,000 billion + 0.75Y. If firms produced a real GDP less than the Y*,

• A) AE would be greater than real GDP.
• B) AE would fall short of real GDP.
• C) actual investment would be greater than I_P.
• D) there would be an excess supply real GDP.

Understand the role and responsibilities of a supervisor in the employee selection process.

Recognize and describe various plans and strategies to promote diversity within an organization.

Identify legal requirements affecting employee selection, including immigration and disability laws.

Differentiate between types of job interview questions and their purposes.

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Definitions:

Forward Contract

A financial contract between two parties to buy or sell an asset at a specified future time at a price agreed upon today, not traded on an exchange.

Exchange Gain

A profit resulting from foreign currency transactions when the value of the currency received is higher than the value of the currency exchanged at the transaction rate.

Spot Rate

The current market price for immediate settlement of a currency exchange, commodity, or security.

Singapore Dollars (SGD)

The official currency of Singapore, represented by the symbol S$.