In Contrast to the Post-World War II Period, Before 1940

question 149

Multiple Choice

In contrast to the post-World War II period, before 1940 the government

• A)actively intervened in the economy for stabilization purposes.
• B)used aggregate demand management to avoid recessions.
• C)rarely intervened in the economy to influence inflation or unemployment rates.
• D)used government ownership to guarantee full employment.

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Definitions:

HRM

Human Resource Management, the strategic approach to managing employment relations which includes hiring, administration, and developing policies for working people.

Organizational Change

The process through which a company undergoes a transformation in its business processes, organizational structures, or cultural changes.

Kurt Lewin

A psychologist known for pioneering social, organizational, and applied psychology, including the change management theory involving unfreeze-change-refreeze stages.

Planned Organization Change

A deliberate and structured process designed to transform an organization's operations, strategy, or culture to improve efficiency and effectiveness.