If the Short-Run Phillips Curve Were Stable,which of the Following

question 64

Multiple Choice

If the short-run Phillips curve were stable,which of the following would be unusual?

• A)an increase in government spending and a fall in unemployment
• B)an increase in inflation and a decrease in output
• C)a decrease in the inflation rate and a rise in the unemployment rate
• D)a decrease in the money supply and a rise in unemployment.

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Definitions:

Strategic Human Resource Management (SHRM)

A proactive approach to managing a company's workforce focusing on long-term goals and integrating HR strategies with business strategies.

Workforce Competencies

The range of skills, knowledge, and abilities required for employees to perform tasks and roles effectively within an organization.

High-Performance Work System (HPWS)

An organizational approach combining employee involvement, technology, and managerial practices to enhance performance and competitiveness.

Organizational Citizenship Behavior

Voluntary actions performed by employees that are not part of their formal job requirements but contribute to the overall effectiveness of the organization.