Which Statement Characterizes the Long-Run Phillips Curve

question 180

Multiple Choice

Which statement characterizes the long-run Phillips curve?

• A) Its position is determined primarily by monetary factors.
• B) If it shifts right, long-run aggregate supply shifts right.
• C) It cannot be changed by any government policy.
• D) Its position depends on the natural rate of unemployment.

---

Definitions:

Interviewer Illusion

A bias that occurs during job interviews, where the interviewer overestimates their ability to evaluate the interviewee accurately.

Personality Traits

Characteristic patterns of thoughts, feelings, and behaviors that make an individual unique.

Interviewer Illusion

The interviewer illusion refers to a bias during hiring processes, where interviewers overestimate their ability to evaluate candidates objectively, often influenced by superficial cues or similarities to themselves.

Personnel Officer

A professional responsible for managing various aspects of human resources, including recruitment, training, and employee relations.