Most Economists Believe That in the Short Run

question 35

Multiple Choice

Most economists believe that in the short run

• A)real and nominal variables are determined independently and that money cannot move real GDP away from its long-run trend.
• B)real and nominal variables are determined independently but that money can temporarily move real GDP away from its long-run trend.
• C)real and nominal variables are highly intertwined but that money cannot move real GDP away from its long-run trend.
• D)real and nominal variables are highly intertwined and that money can temporarily move real GDP away from its long-run trend.

Recognize the ethical considerations in the use of power and influence.

Understand the sources and types of power within an organization.

Recognize the role of discretion in the effectiveness of power.

Identify strategies for increasing personal power and influence in the workplace.

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Definitions:

Ethical Theory

A field of philosophy focused on organizing, justifying, and advising on principles of ethical and unethical actions.

Moral Obligation

A duty or commitment to act in a way that is considered morally right.

Altruistic Service Behaviors

Acts performed by individuals or leaders aimed at helping or benefiting others without expecting anything in return.

Self-Promoting

The act of actively and explicitly promoting one's own abilities, achievements, or qualities, often for personal gain or career advancement.