Which Group Is Most Notable for Its Lack of Achievement

question 70

Multiple Choice

Which group is most notable for its lack of achievement and effectiveness in decision making?

• A) expressive
• B) authoritarian
• C) democratic
• D) laissez-faire

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Definitions:

Recession

A period of significant decline in economic activity across the economy, lasting more than a few months, typically visible in GDP, income, employment, and trade.

Business Cycle

The natural rise and fall of economic activity over time, characterized by periods of expansion, peak, contraction, and trough.

Cost-Push Inflation

Inflation caused by an increase in prices of inputs like labor and raw materials, leading to higher costs for products and services.

Demand-Pull Inflation

Inflation that occurs when demand for goods and services exceeds existing supplies, leading to higher prices.