Consider a Simple Macro Model with Demand-Determined Output

question 105

Multiple Choice

Consider a simple macro model with demand-determined output.Which of the following parameters will produce the largest fluctuations in real GDP from autonomous expenditure shocks?

• A)MPC = 0.8,t = 0.2,m = 0.3
• B)MPC = 0.7,t = 0.3,m = 0.2
• C)MPC = 0.7,t = 0.1,m = 0.4
• D)MPC = 0.9,t = 0.2,m = 0.4
• E)MPC = 0.8,t = 0.1,m = 0.2

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Definitions:

Transformational Leaders

Leaders who inspire and motivate their followers by presenting a compelling vision of the future, fostering an environment of intellectual stimulation, and demonstrating personal attention to each member's needs and development.

Consideration

The thoughtfulness and sensitivity shown towards others, often part of leadership qualities that include respect and empathy.

Employees

Individuals who are hired by a company or organization to perform specific duties in exchange for payment.

LMX

Leader-Member Exchange, a theory focusing on the two-way relationship between supervisors and subordinates, emphasizing dyadic relationships.