Pat Avoided the Pitfall of Getting Too Personal While Talking

question 2

True/False

Pat avoided the pitfall of getting too personal while talking to her co-worker about her decision to quit without giving two weeks' notice even though her coworker's decision was going to negatively affect Pat. Pat used the skill of keeping the discussion focused on the problem in order to avoid conflict in this situation.

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Definitions:

Potential Output

The maximum amount of goods and services an economy can produce when it uses its resources fully and efficiently, without causing inflation.

Net Taxes

The total taxes paid to the government minus transfer payments and subsidies received from the government.

Aggregate Demand

The total quantity of goods and services demanded across all levels of an economy at a given price level and in a given time period.

Potential Output

The peak level of real GDP that can be maintained in the long run without causing inflation to rise.