FIGURE 24-2 Refer to Figure 24-2

question 40

Multiple Choice

FIGURE 24-2 Refer to Figure 24-2.Suppose the economy is in a short-run equilibrium at Y₁.A contractionary fiscal policy would restore the economy to potential output (Y^*) by shifting the

• A)AS curve to the left to intersect AD at C.
• B)AS curve to the right.
• C)potential GDP and the AS curve to the left.
• D)AD curve to the right.
• E)AD to the left to intersect AS at point A.

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Definitions:

Leadership Style

The distinctive approach or method adopted by a leader to guide, motivate, and manage followers or team members.

Situation

Refers to a set of circumstances or a scenario within which individuals find themselves, affecting their decisions and actions.

Participative Leader

A person in charge who shares decision making with group members.

Morale

Refers to the emotional or mental condition with respect to confidence, enthusiasm, and loyalty of a person or group, especially in the context of work or team environments.