The Time and Attention Change Leaders Spend on the Unfreezing

question 133

True/False

The time and attention change leaders spend on the unfreezing phase can
be significant in order to be successful.

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Definitions:

Long-run Results

Long-run results refer to the outcomes or effects that manifest over an extended period, considering all variables including those that are fixed in the short term can adjust over time.

Adverse Supply Shock

An unexpected event that suddenly decreases supply, leading to higher prices and lower quantities available.

Short-run Phillips Curve

A graphical representation showing the inverse relationship between the rate of inflation and the rate of unemployment in an economy over a short period.

Favorable Supply Shock

An unexpected event that increases the availability of a good or service, thus lowering its price and benefiting consumers.