Moving Along the Short-Run Phillips Curve Indicates

question 368

Multiple Choice

Moving along the short-run Phillips curve indicates

• A) that higher inflation leads to a higher unemployment rate.
• B) that higher unemployment leads to a higher inflation rate.
• C) a tradeoff between inflation and unemployment so that higher inflation is related to lower unemployment.
• D) that the natural unemployment rate falls when the inflation rate rises.

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Definitions:

Organizational Citizenship Behaviors

Voluntary behaviors employees perform to help others and benefit the organization, beyond their official job requirements.

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