Answer:
The correct words for the blank spaces are: efficient; technological change.
Explanation:
The New Classical school of Economics was originated at the beginning of the 1970s having as its main characters to American economists Robert Lucas (born in 1937) and Edward Prescott (born in 1940). New classicals pay special attention to economic models based on individuals' behaviors, indicating they pursue to maximize their utility by making rational decisions.
When it comes to business cycles, they proposed fluctuations in the economy were boosted by unanticipated "<em>shocks</em>". <em>Changes in aggregate demand were the result of unexpected monetary or fiscal policies. Changes in aggregate supply were caused by </em><u><em>efficient</em></u><em> changes in productivity as a result of temporary changes in </em><u><em>technology</em></u><em>.</em>
Answer:
$24,000
Explanation:
Beginning Cash Balance 33,000
Budgeted Cash Receipt <u>182,000</u>
Total Available Cash 215000
Less: Cash Disbursements <u>-191,000</u>
Total excess (deficiency) of cash available $<u>24,000</u>
Strategic leaders manage the organization's resource portfolio effectively to exploit its core competency by organizing them into capabilities, structuring the organization to use the capabilities, and developing and implementing a strategy to leverage its human capital and social capital resources to achieve a competitive advantage.
Strategic leadership is required to help firms successfully navigate the dynamic and uncertain environment in which they need to compete today.
Human capital is the firm's repository of valuable knowledge and skills whereas social capital provides access to critical resources.
Human capital is the organization’s intellectual capital, which includes competencies, knowledge, skills and creativity.
According to the definition given in the Oxford dictionary Social capital is “the networks of relationships among people who live and work in a particular society, enabling that society to function effectively”.
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Is there a specific establishment?
According to efficiency wage theory the increase in wages will raise productivity but increase unemployment.
Explanation:
Salaries for productivity are greater than salaries of harmony. They increase productivity, but also create a labour surplus that creates greater unemployment.
The Efficiency Pay Theory states that businesses can operate efficiently and make them more competitive by paying salaries that surpass the margin.
Across four ways, businesses will benefit from productivity wages : increased workloads, reduced employee turnover, better quality workers, and healthier personnel. There are three different theories.
The idea behind the principle of effectiveness is that higher salaries can lead to increased efficiency, as employees are more motivated to work for greater salaries. In principle, higher pay can lead to higher labour productivity. The salary increases will cover themselves in this situation.