Once the Phillips Curve Has Shifted Down,the Economy Is ________

question 74

Multiple Choice

Once the Phillips curve has shifted down,the economy is ________ because ________.

• A) better off; every unemployment rate becomes associated with a higher inflation rate
• B) better off; every inflation rate becomes associated with a lower unemployment rate
• C) worse off; every inflation rate becomes associated with a higher unemployment rate
• D) worse off; every unemployment rate becomes associated with a lower inflation rate

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Definitions:

Differentiation Strategy

A business approach where a company seeks to be unique in its industry along some dimensions valued by customers.

Performance Management

Is the general set of activities carried out by the organization to change (improve) employee performance.

Cost Leadership Strategy

A cost leadership strategy is one that focuses on minimizing the costs as much as possible.

Defender Strategy

A business strategy focusing on defending existing market niches, maintaining stable growth, and protecting market share from competitors.