In 2012,Ben Bernanke Said That Fed Policy Had Raised Real

question 56

Multiple Choice

In 2012,Ben Bernanke said that Fed policy had raised real GDP by almost 3 percent.Mr.Bernanke believes that the Fed's policy of keeping the federal funds rate ________ had resulted in an increase in ________.

• A) high; aggregate demand
• B) high; aggregate supply
• C) low; aggregate demand
• D) low; aggregate supply

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Definitions:

COGS

Cost of Goods Sold; the direct costs attributable to the production of the goods sold by a company, including materials and labor.

Payables Turnover Rate

A financial ratio indicating how efficiently a company pays its suppliers, calculated by dividing total purchases by average accounts payable.

Accounts Payable Balance

The total amount of money that a company owes to its suppliers or creditors for items or services purchased on credit.

Sales

Revenue generated from goods or services sold by a company in a specific period.