The Short-Run Phillips Curve Shifts Upward Whenever

question 11

Multiple Choice

The short-run Phillips curve shifts upward whenever:

• A)inflation rises.
• B)a negative supply shock occurs.
• C)unemployment rises.
• D)all of the above.

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Definitions:

Simulation

A method for modeling a real phenomenon with a set of mathematical formulas and algorithms to study its behavior under various scenarios.

Forecasting HR Demand

The process of estimating the future human resource requirement of an organization, based on its business strategy, objectives, and level of operational activity.

Delphi Technique

A method of gathering expert opinions to achieve consensus on a specific issue through a series of questionnaires interspersed with feedback.

HR Demand Forecasting

The process of estimating the quantity and quality of employees that an organization will need in the future to meet its business objectives.