The ZIRP (Zero Interest Rate Policy) of the Fed Led

question 127

Multiple Choice

The ZIRP (zero interest rate policy) of the Fed led to the so-called zero lower bound problem, which refers to the problem of

• A) having a very low level of employment with zero new jobs created.
• B) huge budget deficits leaving the government no more ability to spend.
• C) interest rates that can't go any lower, i.e., they cannot be driven down below zero.
• D) zero real-GDP growth due to very weak aggregate demand.

Understand the key economic forces impacting human resource planning.

Know the definitions and purposes of key HRIS and human resource planning terminologies.

Identify human resource surplus and shortage scenarios and their implications.

Understand forecasting and its significance in human resource planning.

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Definitions:

Vygotsky

A Soviet psychologist known for his work on cognitive development, especially the concept of the zone of proximal development and the importance of social learning.

Erikson's Third Stage

In Erik Erikson's theory of psychosocial development, this stage, occurring between the ages of three and six years, focuses on the conflict between initiative versus guilt.

Initiative Versus Guilt

A stage in Erik Erikson's theory of psychosocial development where children learn to plan and achieve goals while dealing with the risk of feeling guilty about their desires and efforts.

Slow and Cautious

A mindful approach where actions are taken with deliberate thought to minimize risks or errors.