From the Standpoint of Society,a Stable Phillips Curve Indicates That

question 30

Multiple Choice

From the standpoint of society,a stable Phillips curve indicates that

• A) it is possible to have lower rates of inflation and unemployment simultaneously.
• B) policies to increase employment also increase the price level.
• C) wage increases that exceed productivity increases result in lower prices.
• D) government policy makers need to make no fundamental choices between price stability and unemployment.
• E) full employment can be defined as the unemployment rate at which price increases equal productivity increases.

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Definitions:

Competitive

The state of trying to outperform rivals in a market by offering better products, prices, or services.

Human Resource Management

The strategic approach to the effective management of people in a company or organization such that they help their business gain a competitive advantage.

Performance Appraisal

A systematic evaluation process in which the work performance of an employee is evaluated in terms of quality, quantity, cost, and time.

Human Resource Strategy

A plan that aligns the management of employees with the goals of the organization to gain competitive advantage.