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Organizations have built-in mechanisms-like their selection processes and formalized regulations-to produce stability. When an organization is confronted with change, these mechanisms act as a counterbalance to sustain stability. Which of the following organizational sources of resistance to change is represented by these mechanisms?
Keynes
Refers to John Maynard Keynes, a British economist whose theories on the impact of government policies on economic recessions and depressions have significantly influenced modern macroeconomics.
The Classicals
A group of economists in the late 18th and early 19th centuries who believed in free markets, free trade, and limited government intervention in the economy.
Full Employment
A situation in an economy where all available labor resources are being used in the most economically efficient way.
John Maynard Keynes
A British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments, known for advocating increased government expenditures and lower taxes to stimulate demand and pull the global economy out of depression.
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