Automatic Stabilizers Counteract Business Cycles, and Steer the Economy Back

question 105

True/False

Automatic stabilizers counteract business cycles, and steer the economy back towards potential GDP.

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Definitions:

External Force

Influences from outside an organization that can affect its performance, operations, and strategy, such as market trends or regulatory changes.

Internal Forces

Are factors within an organization such as employee behaviors, management practices, and organizational culture that influence change and development.

Change

The process of becoming different, which can occur in environments, organizations, or personal lives, often necessitating adaptation.

Executive Coaching

A personalized development process whereby an experienced coach works with executives to enhance their leadership skills and achieve professional goals.