The Total U

question 38

Multiple Choice

The total U.S. gross external debt in 2011 came to roughly

• A) $15 billion.
• B) $150 billion.
• C) $1.5 trillion.
• D) $15 trillion.

Differentiate between fiscal policy and monetary policy, including the role of the Federal Reserve.

Evaluate the evolution of welfare policies and their impacts on different societal groups.

Understand the concept and objectives of monetary policy.

Identify the roles and views of historical figures on economic policies.

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Definitions:

Job Enrichment

Change in job duties to increase employees’ authority in planning their work, deciding how it should be done, and learning new skills.

Job Sharing

An employment arrangement where two or more individuals share the responsibilities and duties of a single full-time job.

Job Management

The process of overseeing, scheduling, and controlling the tasks and responsibilities within an organization to ensure that they are completed as required.

Maslow's Need Hierarchy

A psychological theory proposing that humans are motivated by five basic categories of needs: physiological, safety, love/belonging, esteem, and self-actualization, in ascending order of importance.