The Multiplier Effect Suggests That the Increase in Aggregate Demand

question 49

True/False

The multiplier effect suggests that the increase in aggregate demand could be smaller than the increase in government purchases, while the crowding-out effect suggests that the increase in aggregate demand could be larger than the increase in government purchases.

Examine potential consequences, both positive and negative, of charismatic leadership.

Compare the receptions of transformational versus charismatic leaders among followers.

Describe common behaviors associated with charismatic leadership.

Explain the concept of collective efficacy and its role in group cooperation.