Which One of the Following Is the Type of Power

question 26

Multiple Choice

Which one of the following is the type of power a person has because of his or her position in the formal organizational hierarchy?

• A) legitimate power
• B) coercive power
• C) reward power
• D) expert power

---

Definitions:

Nominal Rate

The interest rate before adjustments for inflation, as opposed to the real interest rate which is adjusted.

Money Supply

The total amount of money available within an economy, including cash, coins, and balances in bank accounts, which can affect inflation, interest rates, and economic growth.

Discretionary Aggregate Demand

Demand for goods and services in the economy that is influenced by government policy decisions, beyond automatic stabilizers.

Economic Tradition

The historical and cultural practices, beliefs, and philosophies that influence and shape an economy's structure, policy, and development.