Figure 36-8

question 13

Multiple Choice

Figure 36-8.The left-hand graph shows a short-run aggregate-supply (SRAS) curve and two aggregate-demand (AD) curves.On the right-hand diagram,"Inf Rate" means "Inflation Rate."

-Refer to Figure 36-8.Subsequent to the shift of the Phillips curve from PC₁ to PC₂,the curve will soon shift back to PC₁ if people perceive the

• A)increase in the inflation rate as a temporary aberration.
• B)economic boom as a temporary aberration.
• C)increase in the inflation rate as a sign of a new era of higher inflation.
• D)economic boom as a sign of a new era of higher economic growth.

Comprehend the role and application of technology in enhancing process efficiency and effectiveness.

Identify the utilization and importance of various tools (e.g., crossover charts, time-function mapping) in process selection and improvement.

Recognize the principles behind mass customization and the importance of modular design in its execution.

Grasp the concept of service productivity strategies, including postponement and service blueprinting.

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