The Existence of Lags Prevents the Instantaneous Adjustment of the Economy

question 20

Multiple Choice

The existence of lags prevents the instantaneous adjustment of the economy to policies changing aggregate demand,thereby strengthening the case for ________ policy.

• A)supply-side
• B)nondiscretionary
• C)discretionary
• D)demand-management

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Definitions:

Charismatic Leadership

A leadership style characterized by an individual's ability to inspire and motivate followers through their personality, communication, and actions.

Effects

The outcomes or changes that result from a specific cause or series of events.

Authentic Leadership

A leadership style in which the leader is genuine, transparent, and ethical, and encourages open and honest communication with followers.

Transformational

Refers to a style of leadership where leaders inspire and motivate employees to exceed their own self-interests for the good of the organization and to create significant changes.