Which of the Following Leads to a Rightward Shift in the Short-Run

question 346

Multiple Choice

Which of the following leads to a rightward shift in the short-run Phillips curve?
I. a reduction in the expected inflation rate
II. an increase in the natural unemployment rate

• A) I only
• B) II only
• C) I and II
• D) neither I nor II

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Definitions:

Behavior

The actions, conduct, or response of an individual or group towards stimuli or in various situations.

Worker Turnover

The rate at which workers exit an organization and are subsequently replaced by new employees.

Production Costs

The total expenses incurred in the manufacture of a product, including materials, labor, and overhead costs.

Human Resource Management

The strategic approach to the effective management of people in an organization, focusing on policies and systems to improve employee performance and satisfaction.