The Output Gap Can Be Used to Estimate the Extend

question 37

Multiple Choice

The output gap can be used to estimate the extend to which the Fed misses its goal of

• A) monetary policy.
• B) stable prices.
• C) maximum employment.
• D) moderate long-term interest rates.

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Definitions:

People-Friendly

Describes policies, environments, or products that are designed to be beneficial or easy to use for people.

Learning Organization

An organization skilled at creating, acquiring, and transferring knowledge, and at modifying its behavior to reflect new knowledge and insights.

David A. Garvin

A prominent scholar in the area of operations management known for his work on quality management and the development of learning organizations.

Knowledge Transfer

The process through which skills, knowledge, and expertise are passed from one person or part of an organization to another.