In Order to Maintain a Balanced Budget Every Year,during a Recession

question 107

Multiple Choice

In order to maintain a balanced budget every year,during a recession the government would have to

• A)Decrease the money supply.
• B)Increase the money supply.
• C)Decrease spending or increase taxes or both.
• D)Increase spending or decrease taxes or both.

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Definitions:

Referent Power

A type of influence based on the loyalty or respect one commands from others due to personal traits or integrity, rather than formal authority.

Expert Power

The influence one possesses as a result of experience, special skill, or knowledge in a particular field.

Reward Power

The capacity to influence others through the distribution or promise of benefits and incentives.

Legitimate Power

The authority derived from a formal position or role within an organization, granting the ability to influence others' actions or decisions.