Stock and Watson Found That ________ Was Responsible for About

question 21

Multiple Choice

Stock and Watson found that ________ was responsible for about 20-30 % of the reduction in output volatility that occurred in the mid-1980s.

• A)reduced shocks to productivity
• B)reduced shocks to food and commodity prices
• C)better monetary policy
• D)better inventory control

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Definitions:

Subcontracting

The practice of assigning parts of a project or job to outside companies or specialists to capitalize on efficiency and expertise.

Regular Time

The standard hours that an employee is scheduled to work, excluding overtime or abnormal schedules.

Aggregate Planning

A process by which a company determines optimal levels of capacity, production, subcontracting, inventory, stockouts, and even pricing, over a specified time period.

Ending Inventory

The value of goods available for sale at the end of an accounting period.