In November, 2012, U

question 35

Multiple Choice

In November, 2012, U.S. lawmakers were faced with a "fiscal cliff:" if they did not agree on how to reduce the federal deficit, automatic tax increases and drastic cuts in government spending would take effect. What would be the result if the fiscal cliff occurred?

• A) a recessionary gap
• B) an inflationary gap
• C) stagflation
• D) nothing

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Definitions:

Readiness

The state of being fully prepared for something, whether mentally, physically, emotionally, or logistically.

Followers

Individuals who look to a leader for guidance, direction, and inspiration in various contexts.

Behavioral Model

A framework for understanding and predicting individual behavior through analysis of observable actions and external stimuli.

Initiating Structure

A leadership behavior characterized by clearly defining roles, setting tasks, and establishing channels of communication for achieving objectives.