Using Figures 24-5 through 24-7, work through each of the following: a. As in 2007–2008, the Federal Reserve is concerned about a decline in housing prices that is reducing investment. What steps might the Fed take to stimulate the economy? What will be the impact on bank reserves? What will be the impact on interest rates? What will be the impact on investment (other things held constant)? b. As in 1979, the Fed is concerned about rising inflation and wishes to reduce output. Answer the same questions as in a. 2. Suppose you are the chair of the Fed's Board of Governors at a time when the economy is heading into a recession and you are called to testify before a congressional committee. Write your explanation to an interrogating senator outlining what monetary steps you would take to prevent the recession.

Jameson manages a well-known cell phone company. this company has been voted as having the best cell-phone service. consumers appreciate the fact that they can call from almost anywhere in the world and the service still gets through. jameson knows that the company's product far surpasses that of the competition. one thing has been bothering him, though. in order to put so many resources into ensuring the best service, jameson has cut back on employees at the firm's customer call center. recently, consumers have begun complaining about long wait times when they call in with a problem or concern. although its cell phone service is still considered one of the best, customer satisfaction with the firm's customer service has plummeted. jameson does not understand why consumers are getting so upset. he believes the exceptional cell phone service more than makes up for long waiting periods and other issues with its customer service. "after all," he says, "they can't have it all. if i invest more in customer service, that means less investment on ensuring the quality of our product offering."refer to scenario. jameson has asked you, a marketing consultant, to give him advice. he cannot understand how a cell-phone company with the best product offering in the cell-phone service industry could get such low satisfaction ratings simply because the customer service is not up to par. you suggest that jameson has a narrowly defined view of the company's product offering. you tell jameson that successful marketers should define their products as what they

Discuss how the resource-based view (rbv) of the firm combines the two perspectives of (1) an internal analysis of a firm and (2) an external analysis of its industry and its competitive environment. include comments on the different types of firm resources and how these resources can be used by a firm to build sustainable competitive advantages.

Select all that apply. what do opponents of minimum wage believe are the results of minimum wage? increases personal income results in job shortages causes unemployment raises prices of goods