A Benefit of Automatic Adjustment Mechanisms Is That They

question 2

Multiple Choice

A benefit of automatic adjustment mechanisms is that they:

• A)avoid the possibility of policy mistakes
• B)avoid the time lags associated with adjustment policies
• C)begin to operate as soon as balance of payments disequilibria develop
• D)all of the above

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Definitions:

Group Offer

A proposal or deal made available to a specified group of people, often providing benefits or discounts exclusive to its members.

Stages of Team Development

A model describing the progression of a team through successive phases: forming, storming, norming, performing, and adjourning.

Forming

The initial stage in team development where members meet, form impressions, and establish team norms.

Storming

Storming is a phase in group development where members experience conflict and competition as they start to express individual ideas and differences following initial group formation.