Table 15-2 -Refer to Table 15-2.Consider the Hypothetical Information in the Table

question 251

Multiple Choice

Table 15-2

-Refer to Table 15-2.Consider the hypothetical information in the table above for potential real GDP,real GDP and the price level in 2014 and in 2015 if the Federal Reserve does not use monetary policy.If the Fed wants to keep real GDP at its potential level in 2015,it should

• A)buy Treasury securities.
• B)sell Treasury securities.
• C)increase the required reserve ratio.
• D)increase income taxes.

---

Definitions:

Power Distance Orientation

Refers to the extent to which less powerful members of organizations and institutions accept and expect that power is distributed unequally.

Leadership Outcomes

The results or impacts that are achieved as a direct consequence of a leader's actions, strategies, and interactions within an organization.

Upward Leadership

A leadership approach where individuals within an organization influence and lead their superiors or higher-level executives through suggestions, feedback, or by setting an example.

Influence

Is a behavioral response to the exercise of power.