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The Economy Is in Equilibrium,TP = TE

question 171

Multiple Choice

The economy is in equilibrium,TP = TE.Then,net exports fall.As a result,the __________ curve shifts __________,inventory levels unexpectedly __________,and business firms __________ the quantity of good and services they produce.


Definitions:

Transformational Leader

A leadership approach that causes change in individuals and social systems, by creating a vision to guide the change through inspiration, and executing the change in tandem with committed members of a group.

Leadership Substitutes Theory

A concept suggesting that certain characteristics of the organization, task, or subordinates themselves can diminish or replace the need for leadership.

Situational Leadership Theory

A leadership model that proposes the effectiveness of leadership styles varies depending on the readiness and competence of the followers.

Leadership Emergence

The process by which an individual becomes recognized by others within a group as possessing leadership qualities and takes on leadership roles.

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