If the federal reserve is late to recognize a recession and implements an expansionary policy too late, the result could be an increase in inflation during the beginning of the next phase. even though the goal had been to reduce the severity of the recession, the poor timing caused another problem: inflation. this is an example of what type of policy?
a. procyclical policy
b. countercyclical policy
c. tight policy
d. fiscal policy

Which term refers to the amount of products generated divided by the inputs necessary to create that output? a. performance b. industry ranking c. productivity d. organizational performance e. organizational effectiveness

Which of the following statements concerning an organization's strategy is true? a. cost accountants formulate strategy in an organization since they have more inputs about costs. b. businesses usually follow one of two broad strategies: offering a quality product at a high price, or offering a unique product or service priced lower than the competition. c. a good strategy will always overcome poor implementation. d. strategy specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives.

How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.