The Inflation and Unemployment Data for the 1970s Suggest That

question 118

Multiple Choice

The inflation and unemployment data for the 1970s suggest that the aggregate-supply shocks of that period caused the

• A)relationship between the unemployment rate and the rate of inflation to remain stable and predictable and to exhibit a clear trade-off.
• B)relationship between the unemployment rate and the rate of inflation to be similar to that found during the 1960s.
• C)Phillips Curve to shift to the right.
• D)Phillips Curve to shift to the left.

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Definitions:

Whistleblowing

The act of exposing any kind of information or activity within a private, public, or government organization that is deemed illegal, unethical, or not correct.

Stakeholder Social Responsibility

The duty and ethical obligation of an organization to consider and respond to the needs and interests of its stakeholders, including customers, employees, and the wider community.

Social Responsibility

The practice of acting ethically while understanding your actions are part of the larger, interactive picture of your workplace, community, and world.

Corporate Responsibility

The ethical obligation of a company to act in ways that benefit society and the environment, beyond its business interests.