The Period of Declining Growth in Real GDP Between the Peak

question 18

Multiple Choice

The period of declining growth in real GDP between the peak of the business cycle and the trough is called the

• A) contractionary phase.
• B) boom.
• C) expansionary phase.
• D) stationary phase.

---

Definitions:

Social Norms

Shared, unwritten rules that prescribe how people should behave in specific situations to be accepted by a group.

Autocratic Model

A management style characterized by individual control over all decisions and little input from group members.

Organizational Goals

Objectives set by a business or organization which guide its actions and decision-making processes.

Theory Z

A management philosophy which integrates Japanese and American business practices, emphasizing employee participation, job security, and company loyalty.