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In 2000, many economists believed that the most serious macroeconomic problem confronting the U.S.economy was an inflationary gap.Which policies would be effective in dealing with this problem?
Shigeo Shingo
A Japanese industrial engineer known for his influential work in the Toyota Production System and the development of lean manufacturing principles.
Inventory Is Evil
A principle in lean manufacturing and just-in-time (JIT) production that highlights the drawbacks of holding excess inventory, including high costs and potential wastage.
Setup Cost
A financial amount charged for the initial work to configure, prepare, or adjust machinery or equipment for a production run.
Lot Size
The quantity of items that are processed, produced, ordered, or shipped as a batch.
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