If Potential Output Equals 4,000 and Short-Run Equilibrium Output Equals

question 101

Multiple Choice

If potential output equals 4,000 and short-run equilibrium output equals 3,500, there is a ________ gap and the Federal Reserve must ________ real interest rates in order to close the gap.

• A)recessionary; raise
• B)recessionary; reduce
• C)recessionary; not change
• D)expansionary; raise

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Definitions:

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The assessment of the effectiveness and impact of training programs, aimed at understanding their efficacy in improving employee performance and achieving organizational goals.

Global Manager

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Integrative IHRM Approach

Combining home HR practices with local practices and selecting the most qualified people for the appropriate positions no matter where these candidates come from.

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