Once Macroeconomic Equilibrium Has Been Established in an Economy, There

question 86

True/False

Once macroeconomic equilibrium has been established in an economy, there is no tendency for real GDP to change, even if there is a change in autonomous expenditure.

Evaluate the sociological and legislative solutions proposed to address gender inequality and discrimination in the workplace.

Understand the principles of long-run equilibrium in perfectly competitive markets.

Describe the impact of demand and supply changes in perfectly competitive markets.

Understand the effects of technology and economies of scale on cost and industry adjustment.

---

Definitions:

Behavioral Approach

A perspective in leadership and psychology that emphasizes observable actions and responses, rather than internal mental states.

High-High Style

A leadership approach that is high in both task orientation and relationship orientation, balancing work requirements with support for team members.

Performance Outcomes

The results or outputs achieved from a certain activity or process, often measured against preset standards or objectives.

Behavioral Approach

A method of studying leadership or other psychological phenomena by observing and analyzing observable behaviors rather than internal processes.