If the Aggregate Supply Curve Is Horizontal

question 165

Multiple Choice

If the aggregate supply curve is horizontal,

• A)there are unemployed resources.
• B)the economy is inside the production possibilities frontier.
• C)it is possible to increase output,without driving up prices,by putting unemployed resources to work.
• D)All of the choices are correct.

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Definitions:

Leader-Member Relations

The dynamics and quality of the interaction between a leader and their team members, influencing team function and morale.

Situational Contingency

The concept that the effectiveness of leadership or decision-making strategies depends on situational factors or contexts.

Transformational Leadership

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

Transformational Leaders

Individuals who inspire and motivate followers to exceed their own self-interests for the good of the organization and foster significant changes.