Two Radically Different Approaches to Achieve Organizational Change Include the Economic

question 58

True/False

Two radically different approaches to achieve organizational change include the economic approach which has a participative leadership style and an organizational development approach which has a top-down leadership style.

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Definitions:

Keynesian

A theory in economics that emphasizes the total spending in the economy and its effects on output and inflation.

Monetarist Economists

Economists who believe that the variation in the money supply has major influences on national output in the short run and the price level over longer periods.

Monetary Policy

The process by which the central bank of a country controls the money supply, often targeting an inflation rate or interest rate to ensure economic stability.

Policymakers

Individuals or groups responsible for making decisions and laws that influence a nation's economy, society, and overall governance.