Table 17-2 -Refer to Table 17-2

question 46

Multiple Choice

Table 17-2
$$\begin{array} { | c | c | c | c | } \hline \text { Year } & \text { Potential Real GDP } & \text { Real GDP } & \text { Price Level } \\\hline 2014 & \$ 14.0 \text { trillion } & \$ 14.0 \text { trillion } & 150 \\\hline 2015 & 14.5 \text { trillion } & 14.2 \text { trillion } & 152 \\\hline\end{array}$$
-Refer to Table 17-2.Consider the hypothetical information in the table above for potential real GDP,real GDP and the price level in 2014 and in 2015 if the Federal Reserve does not use monetary policy.If the Fed wants to keep real GDP at its potential level in 2015,it should

• A)buy Treasury securities.
• B)sell Treasury securities.
• C)increase the required reserve ratio.
• D)increase income taxes.

Comprehend the effects of charismatic and authentic leadership on followers.

Understand the importance of leader adaptability in varying situations.

Understand the characteristics and behaviors of different types of followers in an organizational setting.

Comprehend key leadership theories including path-goal theory, situational leadership, and transactional leadership.

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Definitions:

Rural Operations

Activities and strategic measures undertaken by businesses and organizations to implement and manage processes in countryside or agricultural settings.

Financing

The process of providing funds for business activities, making purchases, or investing.

Small Businesses

Enterprises characterized by a small number of employees, limited revenue, and relatively smaller scale of operations.