The Keynesian View of the World Is That the

question 78

Multiple Choice

The Keynesian view of the world is that the

• A)self-correcting mechanism is unreliable.
• B)benefits of fighting unemployment are high and the costs are low.
• C)short-run Phillips curve is relatively flat.
• D)All of the above are correct.

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Definitions:

Geocentric Staffing Model

A staffing approach used by multinational companies where the best employees, regardless of nationality, are appointed to positions worldwide.

Human Resource Management

The strategic approach to the effective management of people in an organization to help it gain a competitive advantage.

Power Distance

A cultural dimension that describes the extent to which individuals in a society accept the distribution of power as being unequal or hierarchical.

Geert Hofstede

A social psychologist from the Netherlands famous for his work on groups and organizations across cultures, especially known for creating the theory of cultural dimensions.