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How would you expect the Fed to respond to a negative supply shock in the economy?
System
A set of interrelated components that function together towards achieving a particular goal or set of objectives.
Process Reengineering
The fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical, contemporary measures of performance, such as cost, quality, service, and speed.
Control
The process of directing, regulating, or managing activities to achieve certain objectives.
Meeting Customer Needs
The process of identifying, understanding, and adequately fulfilling the requirements and expectations of customers.
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