Suppose That the U

question 127

Multiple Choice

Suppose that the U.S.undertakes a policy to increase its saving rate.This policy will likely

• A)have no impact on the level of real GDP per person.
• B)immediately and permanently decrease the level of real GDP per person.
• C)immediately and permanently increase the level of real GDP person.
• D)gradually raise the level of real GDP per person.

Understand the impact of employee training on addressing customer complaints and improving service quality.

Distinguish the effective elements of mentoring relationships in the workplace.

Identify the reasons why education and training programs are vulnerable during budget cuts and the importance of such programs for employee retention and departmental effectiveness.

Understand the concept and components of culture.

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Definitions:

Implementation Lag

The time between the identification of a need for a policy and the moment the policy takes effect.

Fiscal Policy

Governmental adjustment of its spending levels and tax rates to monitor and influence a nation's economy.

Monetary Policy

Monetary policy involves the management of a nation's money supply and interest rates by its central bank to influence economic activity, inflation, and unemployment.

Effectiveness Lag

The delay between the time a policy or action is implemented and when its effects are observed and felt in the economy or targeted area.