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Scenario 32-1
During a recession government revenues from the income tax fall and government transfers rise as the reduction in income and the rise in unemployment raise the number of people who qualify for benefits.
-Refer to Scenario 32-1. What does this change in the deficit do to net capital outflows? Defend your answer.
Personal Power
The influence or authority an individual has over others, derived from skills, knowledge, or personal attributes, rather than formal positions.
Reward Power
The power to influence others through the offering of rewards, benefits, or incentives for certain behaviors or achievements.
Legitimate Power
The authority derived from a position or role within an organization, granting the power to make decisions and command obedience.
Networking Power
The influence and advantage gained through forming and maintaining valuable professional relationships or networks.
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