- In the Figure Above, the Shift from the Short-Run Phillips

question 8

Multiple Choice

-
In the figure above, the shift from the short-run Phillips curve SRPC0 and the long-run Phillips curve LRPC0 to the short-run Phillips curve SRPC1 and the long-run Phillips curve LRPC1 is the result of_{--------------------} in the expected inflation rate and_{--------------------} in the natural unemployment rate.

• A)a decrease; a decrease
• B)no change; an increase
• C)a decrease; no change
• D)an increase; no change
• E)an increase; an increase

---

Definitions:

Managerial Practices

The methods, strategies, and techniques employed by managers to achieve organizational objectives and manage employee performance.

Human Resource Systems

The organized procedures and frameworks designed to manage an organization's workforce effectively.

Organizational Change

The processes, strategies, and outcomes involved in altering the structure, practices, or culture of an organization.

External Environment

The aggregate of all conditions, entities, events, and factors surrounding and influencing an organization, outside its immediate boundaries.