What Effect Did an Adequate Explanation for a Policy Decision

question 81

Multiple Choice

What effect did an adequate explanation for a policy decision have on employees?

• A)It reduced their tendency to quit.
• B)It reduced their stress.
• C)It improved their job performance.
• D)It reduced their tendency to retaliate.
• E)It reduced their tendency to be absent.

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Definitions:

Inflation Rate

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

Natural Rate

The long-term rate of an economic variable, such as unemployment or interest, that is not influenced by cyclical or short-term factors.

Long-Run Phillips Curve

A visual representation showing the relationship between inflation and unemployment rates, suggesting that in the long run, there is no trade-off between inflation and unemployment.

Money Supply

The sum total of financial assets available in an economy at a certain point in time.