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Fred is a department manager for a firm that develops computer-networking packages.This morning he held a staff meeting with his subordinates to inform them about some design changes.Several of them felt the changes might not work but were somewhat reluctant to bring it up in the meeting.Even though they did bring it up in the meeting,they diluted the impact of their objections and concerns.Fred didn't give them much chance anyway when he said,"I've been around here a long time.The changes will work.I don't have time to discuss it.Just make the changes and get on with things." This is a good example of how ______________ can become a barrier to effective communication.
CPI
Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, as an indicator of inflation or deflation.
GDP Deflator
A measure of the level of prices of all new, domestically produced, final goods and services in an economy, used to adjust nominal GDP to calculate real GDP.
New Goods
Products that have been recently introduced to the market, offering novel features or technologies.
Consumer Spending
The total value of goods and services purchased by households over a period of time, contributing to the overall economic activity.
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