In an Oil-Importing Country,a Permanent Fall in Oil Prices

question 7

Multiple Choice

In an oil-importing country,a permanent fall in oil prices

• A)shifts IS to the right.
• B)shifts LM to the left.
• C)shifts FE to the left.
• D)shifts IS to the left.

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Definitions:

Path-goal Theory

A leadership theory that suggests a leader's behavior is related to the satisfaction, motivation, and performance of their subordinates, and it outlines how leaders can adjust their behaviors to meet their followers' needs.

Mumford's Skills Model

A leadership model proposed by Michael Mumford and colleagues that emphasizes the importance of skills, including problem-solving, social judgment, and knowledge, for effective leadership.

Ambiguous Tasks

Tasks or assignments that have unclear objectives, paths, or expected outcomes, requiring interpretation and creativity for resolution.

Leadership Styles

The various approaches and methods leaders use to motivate, guide, and manage their teams, such as authoritarian, democratic, and laissez-faire.