An Increase in Real GDP Leads to

question 12

Multiple Choice

An increase in real GDP leads to

• A) a decrease aggregate planned expenditure.
• B) no change in aggregate planned expenditure.
• C) an increase in aggregate planned expenditure.
• D) a change in aggregate planned expenditure but whether the change is an increase or a decrease depends on whether nominal GDP increases or decreases.

---

Definitions:

Functional Strategy

Detailed plans aimed at achieving the strategic objectives set for specific departments or functions within an organization.

Strategic Intent

A company's clear and concrete aim to achieve a specific goal or set of objectives, guiding its strategy and actions.

Transformational Leadership

A leadership approach that causes change in individuals and social systems, inspiring followers to exceed their own interests for the good of the group or organization.

Visionary Leadership

Visionary leadership is a leadership style where the leader is able to articulate a compelling vision for the future, inspiring and motivating others to achieve long-term goals.