Answer: Recessionary gap to an inflationary gap
Explanation:
Recessionary gap is a macroeconomic term which explains an economy operating at a level lower than the full employment equilibrium.
Inflationary gap is a macroeconomic concept that explains the difference between the current level of real gross domestic product (GDP) and the expected GDP that would be experienced if an economy is at full employment.
Calvin Coolidge (1872-1933), the 30th U.S. president, led the nation through most of the Roaring Twenties, a decade of dynamic social and cultural change, materialism and excess. He took office on August 3, 1923, following the sudden death of President Warren G. Harding (1865-1923),
Nicknamed “Silent Cal” for his quiet, steadfast and frugal nature, Coolidge, a former Republican governor of Massachusetts, cleaned up the rampant corruption of the Harding administration and provided a model of stability and respectability for the American people in an era of fast-paced modernization. He was a pro-business conservative who favored tax cuts and limited government spending. Yet some of his laissez-faire policies also contributed to the economic problems that erupted into the Great Depression
Coolidge’s policies in office continued to be guided by his strong belief in private enterprise and small government. He cut taxes, limited government spending and stacked regulatory commissions with people sympathetic to business. Coolidge once said, “The chief business of the American people is business.” He also rejected U.S. membership in the League of Nations and set high tariffs on imported goods to protect American industry.
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Answer:
Participative - SouthWest Airline
Explanation:
• The participative culture of Southwest Airlines appeals to me. In participative culture, employees are encouraged to participate in the decision making process of organizations. Employees are allowed to voice their opinion on certain issues regarding the organization which leads to motivation, increased productivity and job satisfaction.
• I love an environment which allows me to be creative and brings out the best in me. This motivates me and makes me feel that I'm valued at the organization.
