An Increase in the Natural Unemployment Rate Shifts

question 117

Multiple Choice

An increase in the natural unemployment rate shifts

• A) neither the short-run nor the long-run Phillips curve.
• B) the long-run but not the short-run Phillips curve rightward.
• C) both the short-run and the long-run Phillips curves rightward.
• D) the short-run but not the long-run Phillips curve rightward.

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Definitions:

Corporate Chains

networks of retail or service outlets operated by a single company, offering the same brand and format across locations.

Clayton Act

A U.S. legislation enacted in 1914 aimed at promoting competition among businesses and preventing unfair anti-competitive practices.

Sherman Act

A foundational antitrust law in the United States that prohibits monopolistic practices and promotes competition.

Classifying Retail Operations

The process of organizing retail businesses into categories based on factors like product lines, service level, pricing strategy, and target market.