Professor Lamb Is a Fabulous Speaker-Funny,topical,and Very Knowledgeable About His

question 96

Multiple Choice

Professor Lamb is a fabulous speaker-funny,topical,and very knowledgeable about his subject.His classes are always filled as soon as they open for scheduling and the waiting list to get into them is long.Students never miss his class and they highly recommend him to their friends.Graduate students want to study with him to learn his techniques.Professor Lamb has ___________ power.

• A)coercive
• B)legitimate
• C)referent
• D)reward

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Definitions:

Unemployment

The situation in which individuals who are capable of working and willing to work cannot find employment.

Monetarists

Economists who believe that changes in the money supply are the most significant determinants of economic growth, inflation, and unemployment rates.

Quantity Theory of Money

The Quantity Theory of Money is an economic theory that asserts the general price level of goods and services is directly proportional to the amount of money in circulation.

Fiscal Policy

Government policy regarding taxation and spending, aimed at influencing economic conditions.