Using the exercise in the book and that you saw in class, answer the following question about the is curve suppose the parameters of the is curve are 2-0, b=3/4, and r = 2% (where the lower bar coefficients represent the upper bar coefficients, according to class and book notation). suppose further that initially the real interest rate r-2%. explain what happens to short-run output (sro) if: the real interest rate falls from 2% to 1%. sro will increase by 0.75%. sro will decrease by 0.75%. sro will remain constant. sro will increase by 1.5%.

You work as the sales manager for a company that sells office supplies to businesses of all sizes. because the profit margins are razor-thin, you need to ensure that you are getting the very best prices on paper, pencils, pens, post-it notes, and other office supplies from the manufacturers. when reviewing the quarterly profit statement, you realize that your costs are higher than they should be, and you trace the higher costs back to an employee who has been lax about getting competitive bids to ensure the lowest prices. when you conduct your research to determine the reason for the higher costs, and take action to bring those costs back down, in which of the key management processes are you taking part?