In group decision making, the phenomenon of groupthink occurs when group members avoid disagreement as they work on a consensus. Groupthink is a phenomenon apparent in groups of people that harmony is their priority, resulting in an illogical and non-effective decision making and ignoring alternative more sensible decisions. It is a psychological term first introduced by social psychologist Irving Janis in 1972.
Answer:
it does affect
Explanation:
because ot influence employment, household income, then it impacts the consumer spending and investment. The monetary policy impacts the money supply in an economy, which influences interest rates and the inflation rate
Australia and England are gearing up for one of the biggest competitions in cricket - the Ashes. It is a special series of matches between England and Australia - and one of the longest-running rivalries in sport.
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Answer:
1) Which answer choice correctly states the relationship between product price and quantity supplied?
A) As price increases, quantity supplied increases.
The Supply curve is upward sloping, this means that the higher the price, the more quantity supplied. This is because producers obtain more profit when they can sell their products at high prices.
2) Which of the following illustrates the inverse relationship between price and quantity demanded of a particular good?
B) As price of the good decreases, the quantity of the good demanded
increases
The demand curve is downward sloping, this means that the higher the price, the less quantity demanded, and the lower the price, the more quantity demanded. This is because consumers are interested in lower prices in order to obtain more goods for the same amount of income.
It is from a hybridized mystery board game played in different geographic regions
