According to the IMF,in 1994,Canada's Output Gap Was - 4

question 32

Multiple Choice

According to the IMF,in 1994,Canada's output gap was - 4.6% of potential output.In the same year,the unemployment rate was 10.3%.Okun's law implies that,in 1994,Canada's natural rate of unemployment was

• A) 8%.
• B) 5%.
• C) 6%.
• D) 7%.
• E) 4%.

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Definitions:

Transformational Leadership

A leadership style that inspires and motivates followers to exceed their expectations and facilitate change.

Charismatic Leadership

A leader’s use of personal abilities and talents to have profound and extraordinary effects on followers.

Situational Leadership Model

A leadership theory that proposes the effectiveness of leadership styles varies depending on the readiness and behavior of the people being led and the specifics of the situation.

Telling Style

A communication approach characterized by explicitly instructing or directing others in what they should do.