Which of the Following Events Has Significantly Influenced the Development

question 196

Multiple Choice

Which of the following events has significantly influenced the development of macroeconomic ideas?

• A) World War II
• B) the development of the modern corporation
• C) the Industrial Revolution
• D) the Great Depression

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Definitions:

Laissez-faire Leadership

A leadership style characterized by a hands-off approach, allowing individuals within a group or organization to make their own decisions and solve problems independently.

Organization Efficiency

The capability of an organization to produce a desired effect or output with a minimum amount of waste, expense, or unnecessary effort.

Democratic Leadership

A leadership style where members of a group take a more participative role in the decision-making process, promoting group equality.

Organization Efficiency

The ability of an organization to achieve its goals with minimal waste of resources, including time, money, and labor.