High Interest Rates Can Have Serious Effects on the Economy

question 22

True/False

High interest rates can have serious effects on the economy because businesses are less willing to take on debt to expand their production.

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Definitions:

PDQ

An acronym for "Pretty Darn Quick," often used informally to describe something happening in a fast or efficient manner.

Kanban

A visual scheduling system for lean manufacturing and just-in-time manufacturing (JIT), aiming to control work-in-progress for optimal efficiency.

Feedforward Control

A proactive method of control in management that focuses on identifying and preventing potential problems before they occur.

Consumer

An individual who purchases goods and services for personal use.