The Short-Run Phillips Curve Shows That as the Unemployment Rate

question 115

Multiple Choice

The short-run Phillips curve shows that as the unemployment rate goes down,_____.

• A)unemployment benefit payments go up
• B)prices go down
• C)the Phillips curve shifts outward
• D)the inflation rate goes up
• E)there is no change in the rate of inflation

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Definitions:

Adjourning Stage

The final phase in group development where the group concludes activities and members disband, as described in Tuckman's stages of team development.

Group Process

The way team members work together to accomplish tasks.

Team Effectiveness

measures how well a team works together to achieve its goals and objectives.

Performance Norm

This is a standard or expectation within a group or organization that establishes the level of work effort and output that is typical or acceptable.