Assume That Real and Potential GDP Are Initially Equal

question 152

Multiple Choice

Assume that real and potential GDP are initially equal. If government purchases permanently increase, we would expect that in the short run

• A)consumption and investment will be higher than baseline, and net exports will be lower.
• B)consumption will be higher than baseline, and net exports and investment will be the same.
• C)consumption, investment, and net exports will be higher than baseline.
• D)consumption and net exports will be higher than baseline, and investment will be the same.
• E)consumption will be higher than baseline, net exports will be lower, and investment will be the same.

---

Definitions:

Leadership Outcomes

The results or impacts of leadership practices, including aspects like team performance, satisfaction, and the achievement of organizational objectives.

Leader's Competencies

A set of skills, knowledge, and abilities that are considered necessary for effective leadership.

Mumford's Skills Model

a framework for understanding leadership that emphasizes the importance of a leader's capabilities, including technical skills, conceptual skills, and interpersonal skills.

Katz's Hierarchical Three Skills Model

A framework suggesting three core leadership skills: technical, human, and conceptual, necessary at different levels of an organization.