Mitchell has worked for a very large company for three years. During lunch one day he stood at the elevator and read the building directory. He noticed that all of the accounting staff for his business was grouped on one floor, all of the legal personnel were on the floor above his, the CEO and his staff were on the top floor, the marketing and advertising departments on the floor under his, and the sales department on the floor under marketing and advertising. How is Mitchell’s business departmentalized?

Should the government be downsized? which functions should be cut back? which ones should be expanded?

Heather has been an active participant in a defined benefit plan for 19 years. during her last 6 years of employment, heather earned $42,000, $48,000, $56,000, $80,000, $89,000, and $108,000, respectively (representing her highest-income years). calculate heather’s maximum allowable benefits from her qualified plan (assume that there are fewer than 100 participants). assume that heather’s average compensation for her three highest years is $199,700. calculate her maximum allowable benefits.

Crowding out is a phenomenon focused upon most by the macroeconomists of whereby a government deficit interest rates, which in turn private investment spending. this group also believed that fiscal policy is the only thing that can lower natural unemployment. is just as effective in countering recessions as monetary policy. can be used most of the time, but monetary policy becomes a better option when velocity is fluctuating. should be used only if the central bank follows a monetary policy rule. faces problematic lags in propagating changes throughout the economy.