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Pessimism
Suppose the economy is in long-run equilibrium. Then because of corporate scandal, international tensions, and loss of confidence in policymakers, people become pessimistic regarding the future and retain that level of pessimism for some time.
-Refer to Pessimism.In the short run what happens to the price level and real GDP?
Separate Workers
The process or policy of keeping workers apart from each other, possibly based on roles, tasks, or certain conditions.
Abdication
The act of formally relinquishing responsibility or authority over something.
Managerial Authority
The power vested in managers and executives to make decisions, direct teams, and oversee the operations within an organization.
Job Depth
The degree of control, creativity, and responsibility an employee has in their job.
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