(1) the Composite Index of Leading Indicators Turns Downward for Three

question 215

Multiple Choice

(1) The composite index of leading indicators turns downward for three consecutive months; (2) Economists reach agreement that the economy is moving into a recession; (3) A tax cut is proposed in Parliament; (4) The tax cut is passed by Parliament; (5) Consumption spending begins to rise, aggregate demand increases, and the economy begins to recover.Refer to the above information.The administrative lag of fiscal policy is reflected in events:

• A)1 and 2.
• B)2 and 3.
• C)3 and 4.
• D)4 and 5.

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Definitions:

Power

The ability to influence or control the behavior of people, institutions, or events.

Political Behaviour

Actions within an organization that are aimed at using power and influence to obtain personal or organizational goals.

Leadership

The ability to guide, influence, or direct individuals or groups towards achieving set goals or objectives.

Legitimate Power

The authority a person has by virtue of their position in an organization's hierarchy, enabling them to influence others.