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Which of the following are TRUE?
I. New Keynesian economists believe that money wage rates are influenced by rational expectations of
The price level.
II. New classical economists believe that money wage rates are influenced by rational expectations of the price level.
III. New classical economists believe expected changes in aggregate demand trigger business cycles.
Redesign of Work
The process of altering jobs and work environments to improve efficiency and employee satisfaction.
Job Rotation
A human resources strategy where employees rotate between various jobs at the same company to gain exposure to different functions and increase job satisfaction.
Work Team
A work team is an arrangement in which a group is given responsibility for designing the work system to be used in performing an interrelated set of jobs.
Interrelated Set
A collection of elements or components connected in such a way that they affect and depend on each other, often seen in systems or processes.
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