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Refer to the information provided in Figure 31.2 below to answer the question(s) that follow. Figure 31.2
-Refer to Figure 31.2. The highest unemployment rate occurs when the economy is at Point ________.
Substitutability
The degree to which one product, service, or resource can be replaced by another without losing functionality or value.
Referent
A term or concept used to refer to or signify another thing; in leadership, it often refers to the natural influence or charisma of the leader.
Utilitarian
An ethical framework that focuses on the outcomes of actions, aiming to maximize overall happiness and minimize harm.
Referent Power
Referent power is a form of influence based on attracting others and building loyalty. It stems from being admired and respected.
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