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In the simple Keynesian cross model with no government or foreign sectors, at the equilibrium level of output
Expert Power
The influence and authority a person has as a result of their expertise, skills, or knowledge.
Referent Power
A form of power that stems from being admired or respected, often due to charismatic qualities or identification with the person who has the power.
Legitimate Power
The authority an individual has because of their position in an organization's hierarchy, contributing to their ability to influence others.
Coercive Power
A form of power that is based on the ability to force someone to comply through threats or punishment.
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