When current real output exceeds potential real output, the fed will interest rates in an effort to fight

The correct words for the blank spaces are: increase; inflation.

Explanation:

The United States Federal Reserve (Fed) is the entity in charge of controlling the nation's economic inflation. In the case the country's output is greater than the potential real output, typically the Fed tends to raise the interest rates to avoid the inflation rate to keep growing. Under this scenario, prices in the markets remain stable as well as the level of employment.

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;

answer; someone must cover the cost associated with the provision of scarce goods in both sectors;