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For the purpose of this assignment, imagine that you are employed as a compensation specialist by an organization that provides warehousing and distribution services across the United States. Your company also recently expanded operations into Canada. As a growing multinational enterprise, managers are concerned with keeping up with industry standards to maintain a competitive edge. You have been asked by your human resources (HR) director to develop a PowerPoint presentation for your corporation's board of directors in which you will propose a compensation survey that will help to determine the organization's pay structure.
Question 1: In your presentation, you should explain to the board why a compensation survey is needed, how it will be conducted, and how it will help determine a pay structure of your choice for the organization. Discuss how international growth will play a role in this.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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