When Was the Just-In-Time Philosophy Developed

question 124

Multiple Choice

When was the just-in-time philosophy developed?

• A) 1980s
• B) 1930s
• C) 1800s
• D) 1700s
• E) 1990s

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Definitions:

Unexpected Inflation

Unexpected inflation denotes the rate at which the general level of prices for goods and services rises, and subsequently, purchasing power falls, beyond what was anticipated.

Central Bank

The principal monetary authority of a country, responsible for regulating the money supply, issuing currency, and controlling interest rates.

Money Supply

The total amount of monetary assets available in an economy at a specific time, including currency and various types of deposits.

Fisher Effect

The economic theory proposing that the real interest rate is independent of monetary measures, especially the nominal interest rate and the expected inflation rate.