Using the Keynesian Model,the Effect of a Decrease in the Effective

question 46

Multiple Choice

Using the Keynesian model,the effect of a decrease in the effective tax rate on capital would be to cause ________ in the real interest rate and ________ in output in the long run.

• A)an increase; no change
• B)a decrease; no change
• C)an increase; an increase
• D)no change; a decrease

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Definitions:

Implicit Leadership Perspective

A theory suggesting that people have preconceived notions or prototypes of what leadership qualities look like, which influence their evaluation of who is considered a leader.

Leadership Substitute

An approach or factor that makes the leadership style unnecessary or redundant due to its presence, promoting independence in teams.

Self-Leadership Competencies

Refers to the set of skills and behaviors that individuals use to guide their own performance and development proactively.

Situational Leadership Model

A theory suggesting that the most effective leadership style varies depending on the maturity and capability of the followers as well as the complexity of the task.