Assume That Expected Inflation Is Based on the Following: πᵉT

question 11

Multiple Choice

Assume that expected inflation is based on the following: πᵉt = θπt₋₁.If θ = 0,we know that

• A)a reduction in the unemployment rate will have no effect on inflation.
• B)low rates of unemployment will cause steadily increasing rates of inflation.
• C)high rates of unemployment will cause steadily declining rates of inflation.
• D)the Phillips curve illustrates the relationship between the level of inflation rate and the level of the unemployment rate.

Identify the role and importance of gatekeepers within the public relations context.

Recognize the tasks involved in the employee communications area of public relations.

Evaluate the factors driving organizations towards PR rather than advertising and predict future trends.

Assess the pros and cons of different job opportunities in the PR field for a recent college graduate.

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Definitions:

Staffing Decisions

The process of planning, recruiting, selecting, and positioning employees within an organization to ensure the right person is in the right job.

Contrast Error

A type of appraisal or judgment bias where the evaluation of one person is unduly influenced by the comparison with another that has recently been appraised.

Problem-Solving Approach

A methodical process of identifying a problem, brainstorming solutions, and implementing the most effective resolution.

Feedback

Information provided regarding aspects of one’s performance or understanding, which can be used as a basis for improvement.