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Table 12.2
The boss wants the staff to work overtime this week on a big project. He tells the managers that if they want to keep their jobs, they better keep their people here. Bob goes to his department and calls a meeting. He explains the problem and asks if everyone would be willing to stay and put in the time. His employees recognize his right to ask them, he's been good to them in the past, and they want to help him out, so they all agree to stay. Joan goes to her department, calls everyone together and tells them the bad news. She then begins assigning responsibilities and scheduling work. One of her new supervisors says, "Who are you to tell us we have to work overtime?" Her answer is, "I'm your boss, that's who, now get with it." Joseph offers everyone in his department compensatory time and a pizza party if they put in the overtime.
-Refer to Table 12.2. Bob uses ________ power to get his workers to comply.
Global Financial Panic
A worldwide period of financial instability characterized by widespread fear and withdrawal of investment.
Aggregate Supply
The total supply of goods and services that firms in an economy plan to sell during a specific time period at various price levels.
Aggregate Demand
The total demand for final goods and services in an economy at a given time, encompassing consumption, investment, government spending, and net exports.
September 2008
A significant month marking the peak of the financial crisis of 2008, characterized by the collapse of Lehman Brothers and a global economic downturn.
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