The Reason That Fiscal Policy Was Not Helpful in the 1970s

question 10

Multiple Choice

The reason that fiscal policy was not helpful in the 1970s was that such policy is aimed at

• A)both aggregate demand and aggregate supply,but the problem was only with demand
• B)both aggregate demand and aggregate supply,but the problem was only with supply
• C)aggregate demand only,but the problem was in aggregate supply
• D)aggregate supply only,but the problem was in aggregate demand
• E)either aggregate demand or aggregate supply,but the problem was with both of them at once

Recognize various management theories, including scientific management, administrative principles, and behavioral approaches, and their application in organizational settings.

Understand the importance of clear communication channels and the principle of the scalar chain in organizations.

Appreciate the significance of worker participation, employee ownership, and shared management principles for enhancing organizational commitment and productivity.

Acknowledge the impact of clear work division, job specialization, and merit-based promotion in bureaucracy.

---

Definitions:

Instrument

A formal document, such as a contract, will, or security, that legally records a right, obligation, or transaction.

Good Faith

The honest intention to act without taking an unfair advantage over another party, based on the belief that others will similarly act honestly.

Altered

Changed, modified, or adjusted from the original state or form.

Green Grocer

A retailer specializing in the sale of fresh produce, including fruits and vegetables.