Phil Is the Art Director for a Video Game Production

question 43

Multiple Choice

Phil is the art director for a video game production company. He works with the writers, graphic artists, and programmers to bring the team's ideas to life. Although the theme of each game is set by the executive team, Phil is able to take that basic theme in just about any direction he chooses. Which of the following best describes Phil's job?

• A) low specialization, low empowerment
• B) low specialization, high empowerment
• C) high specialization, high empowerment
• D) high specialization, low efficiency

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Definitions:

Friedman-Phelps

An economic theory associated with Milton Friedman and Edmund Phelps, focusing on the natural rate of unemployment and the relationship between inflation and unemployment.

Actual Inflation

The real rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.

Natural Rate

The level of any economic factor, such as unemployment or interest rates, that is unaffected by short-term fluctuations and is determined by long-term factors.

Aggregate-Supply Curve

A curve that shows the quantity of goods and services that firms choose to produce and sell at each price level