Answer:
Orthodox economic theory recommeds the use of countercyclical economic policy, this means:
- when the economy is in expansion, the government should use contractionary fiscal policy (higher taxes and spending cuts) to keep the economy from overheating
- when the economy is in recession, as it was in 2008, the government should implement expansionary fiscal policy (lower taxes and spending increases) to aid economic recovery.
President Obama followed the theory and used expansionary fiscal policy to help the economy recover in 2008 and 2009. Expansionary fiscal policty basically consists in either tax cuts, or defitic-financed spending, or both.
Obama mostly used the latter to help people in need of welfare benefits due to unemployment, and to finance economic projects that could employ people.
While the deficit is something to worry about, the United States is a strong country, with a desirable currency: this means that the American government is unlikely to default on its debts, and investors are quick to lend money to it at low interest rates.
The projected benefits of the expansionary fiscal policy where obvious: more economic growth, which means less unemployment.
President Obama was also aided by the Federal Reserve, which implemented expansionary monetary policy (essentially increasing the amount of money that circulates in the economy).
Goal displacement, satisficing, and groupthink are the<u> advantages of </u><u>group decision-making.</u>
Group decision-making simply means the process where several individuals act collectively in order to analyze a particular problem.
During group decision-making, several ideas are considered and the best approach or idea is chosen in order to achieve a particular goal.
Some of the advantages of the <em>group decision-making</em> include goal <em>displacement, satisficing</em>, and groupthink.
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Answer:
Tell the customer when you store’s next delivery day is and to come back then Issue the customer a raincheck for the item that is out of stock
Explanation:
Customer<em> retention</em> is important as well as <em>meeting their specific needs</em>. It is unwise to turn back a customer and refer them to a competitor, this may mean loss of business (currently and in the future). Also it is unwise to offer a substitute item as this will not meet their needs (though you may want to inform them of the substitute item if they are interested). Issue the customer a raincheck for the item that is out of stock is the best way to go and keep the business.
Answer: Strategic business units.
Explanation:
Large companies in most cases have a lot of sub-companies under them that run almost independently but report to the headquarters of the large companies about their activities, these sub-companies are known as strategic business units(SBU). The SBU helps the large company gain a large area of coverage.
Manuel is retired and receives a fixed payment from his pension each there is inflation when the buying power of his pension will fall
This is further explained below.
<h3>What is
inflation?</h3>
Generally, Inflation refers to the rate at which prices continue to grow during a certain period of time, and the term may also refer to inflation itself. In most cases, inflation is assessed on a broad scale, such as the overall increase in prices or the growth in the cost of living in a particular nation.
To put inflation in its most basic form, it may be thought of as the general upward trend in the prices of goods and services over time. What this implies is that a dollar spent now won't purchase as much in the future. In other words, it will lower your ability to purchase things in the future.
In conclusion, Manuel is now retired and receives a certain amount from his pension on an annual basis. In the event that there is inflation, Manuel will be able to buy a lesser total amount with his pension money.
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