Which of the Following Changes Best Represents the Effect on the U.S.of

question 28

Multiple Choice

Which of the following changes best represents the effect on the U.S.of the oil embargo (a shut-off of oil from certain OPEC countries) of the 1970s?

• A)a leftward shift of the aggregate supply curve
• B)a rightward shift of the aggregate supply curve
• C)a leftward shift of the aggregate demand curve and the aggregate supply curve
• D)a rightward shift of both the aggregate demand curve and the aggregate supply curve
• E)a change in the aggregate supply curve from a line with an upward slope to a vertical line

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Definitions:

Confidence

The feeling or belief in one's abilities, qualities, and judgment.

Situational Leadership Model

A leadership theory proposing that no single leadership style is best. Instead, it depends on the situation at hand and involves adjusting leadership styles based on the maturity level of the followers.

Leadership Style

The manner in which a leader guides, directs, or influences a group, which can vary greatly from authoritarian to democratic or laissez-faire approaches.

Fiedler's Theory

A contingency leadership model proposed by Fred Fiedler that suggests the effectiveness of a leader is determined by the leader's style of interaction with the group and the favorableness of the situation.