The Long-Run Phillips Curve Would Shift Left If

question 408

Multiple Choice

The long-run Phillips curve would shift left if

• A) the money supply growth rate increased or labor markets become more flexible.
• B) the money supply growth rate increased but not if labor markets become more flexible.
• C) labor markets become more flexible but not if the money supply growth rate increased.
• D) None of the above is correct.

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Definitions:

Multicultural Organization

The multicultural organization is one that has achieved high levels of diversity, can capitalize fully on the advantages of the diversity, and has few diversity-related problems.

Ethnocentrism

The act of judging another culture solely by the values and standards of one's own culture, often accompanied by a belief in the superiority of one's own culture.

Organizational Identification

Organizational identification is the sense of belonging that individuals feel towards their organization, influencing their alignment with the organization's values, goals, and actions.

Informal Networks

Social networks within an organization that transcend formal structures, facilitating the flow of information and influence.