Between December 2015 and Mid-2017,the Federal Open Market Committee Raised

question 165

Multiple Choice

Between December 2015 and mid-2017,the Federal Open Market Committee raised its target for the federal funds rate four times,and indicated that future increases were planned.General Motors and Toll Brothers faced significant consequences in 2017 from these increases in the federal funds rate target.,where higher interest rates were considered partly responsible for sales declines of new automobiles and houses.This decrease in demand would result in a(n) ________ in employment and a(n) ________ in prices for General Motors and Toll Brothers.

• A)increase; increase
• B)increase; decrease
• C)decrease; increase
• D)decrease; decrease

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Definitions:

Aggregate Planning

A process in operations management aimed at determining the optimal production levels, inventory levels, and workforce levels to meet expected demand.

Transportation Algorithm

A mathematical method used to optimize the allocation of resources or the routing of goods in order to minimize costs or maximize efficiency in logistics and supply chain management.

Subcontracting

The practice of delegating or outsourcing certain tasks or responsibilities to external entities or individuals.

Back Orders

Orders for goods or services that cannot be filled at the current time due to lack of available stock, and are therefore put on hold until they can be fulfilled.