Figure 35-7 Use the Two Graphs in the Diagram to Answer the Answer

question 27

Multiple Choice

Figure 35-7
Use the two graphs in the diagram to answer the following questions.
-Refer to Figure 35-7.The economy would move from 3 to 5

• A)in the short run if money supply growth increased unexpectedly.
• B)in the short run if money supply growth decreased unexpectedly.
• C)in the long run if money supply growth increases.
• D)in the long run if money supply growth decreases.

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Definitions:

Time And Motion Studies

Analytical techniques used to evaluate the efficiency of a worker's performance by breaking down tasks into their components.

Fordism

denotes a system of industrial production characterized by mass production and high wages, standardized products, and assembly-line methods, originating from Henry Ford's practices.

Total Quality Management

A comprehensive management approach focusing on continuous improvement in all aspects of a business, aiming to ensure high quality in products or services.

Job Control Unionism

A unionism approach focused on managing aspects of work such as hiring, promotions, layoffs, and work rules through collective bargaining.