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Expansionary fiscal policy will tend to reduce the budget deficit.
Performance Norms
Standard measures or expectations for behavior and achievements within a group or organization.
Cohesiveness
The extent to which members of a group or team are mutually attracted and motivated to stay together and achieve common goals.
Storming Stage
The second phase in group development, characterized by conflict and competition as team members start to express their individual personalities and resist the group's influence.
Q7: Assume that in a private closed economy,
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