If the Short-Run Equilibrium Output of the United States Exceeds

question 144

Multiple Choice

If the short-run equilibrium output of the United States exceeds the potential output,the Fed:

• A)employs an active monetary policy to close a recessionary gap.
• B)employs an active monetary policy to close an expansionary gap.
• C)relies on a passive approach to close a recessionary gap.
• D)relies on a passive approach to close an expansionary gap.
• E)employs an expansionary fiscal policy.

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Definitions:

Contingency Time

Additional time allocated within a project schedule to account for potential unforeseen delays.

Resource Leveling

A project management technique used to adjust the project schedule based on resource constraints, aiming to minimize peaks and valleys in resource allocation.

Start-start Relationship

A dependency in project scheduling where the initiation of one task depends on the initiation of another task at the same time.

Critical Path

The sequence of stages determining the minimum time needed to complete a project, where any delay could cause the project to be delayed.