Use the Following to Answer Questions

question 258

Multiple Choice

Use the following to answer questions:
-If the economy is at equilibrium above potential output,there is a(n) _____ gap,and a(n) _____ fiscal policy is appropriate.

• A) recessionary;expansionary
• B) inflationary;contractionary
• C) recessionary;contractionary
• D) inflationary;expansionary

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Definitions:

Organizational Levels

The hierarchy within an organization, typically ranging from upper management to lower-level employees, each with different responsibilities.

Strategic Choices

Decisions made by an organization that are foundational to its long-term goals, direction, and overall strategy.

Organization Design

The process of structuring and arranging the components of a system, company, or entity to effectively achieve its objectives and goals.

Centralization

The concentration of decision-making authority at the upper levels of an organization or system.