Which of the Following Is Correct

question 10

Multiple Choice

Which of the following is correct?

• A)Economic forecasts are precise and aggregate spending responds almost immediately to interest rate changes.
• B)Economic forecast are precise and aggregate spending responds to interest rate changes with a lag.
• C)Economic forecasts are imprecise and aggregate spending responds almost immediately to interest rate changes.
• D)Economic forecast are imprecise and aggregate spending responds to interest rate changes with a lag.

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Definitions:

Flexible Benefit Plans

Flexible benefit plans, often part of an employee's compensation package, allow individuals to choose from a range of benefits options to tailor their benefits according to their needs.

Health Care

The organized provision of medical services to individuals or communities for the purpose of promoting, maintaining, monitoring, or restoring health.

Flexible Benefit Plans

A benefits plan that allows employees to choose from a range of options, tailoring their benefits package to their specific needs.

Organizational Efficiency

Measures how effectively an organization utilizes its resources (time, money, personnel) to achieve its goals without waste.