To Eliminate the Output Gap Shown in the Figure Below,with

question 10

Multiple Choice

To eliminate the output gap shown in the figure below,with a view to prevent inflation from emerging,the central bank should take a(n) _______ and _______ the official interest rate by a sufficient amount.If successful,such a policy may be expected shift the expenditure line _______.

• A) expansionary monetary policy action;raise;down
• B) contractionary monetary policy action;raise;down
• C) expansionary monetary policy action;lower;down
• D) contractionary monetary policy action;raise;up
• E) expansionary monetary policy action;raise;up

Know the principles of internal control systems related to material requisition and labor reporting.

Apply knowledge of cost flows to solve problems involving the calculation of cost of goods manufactured and sold.

Understand the concept of cultural intelligence and its importance in global business interactions.

Identify and avoid cultural bloopers in international business settings.

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Definitions:

Accumulated Degree Hours

A measure used in forensic entomology and agriculture to estimate the development stage of organisms by accumulating the degrees above a threshold temperature over time.

Larva

The juvenile form of an animal that undergoes metamorphosis, such as an insect or amphibian, typically different in form from the adult.

Develop

To undergo a process of growth, evolution, or unfoldment, becoming more mature, advanced, or elaborate.

Kinetic Energy

The energy that an object possesses due to its motion.