For This Question,assume That Firms' of Productivity Are Accurate While

question 40

Multiple Choice

For this question,assume that firms' of productivity are accurate while workers' expectations of productivity adjust slowly over time.In this case,an increase in productivity will cause which of the following?

• A)an increase in both the real wage and the natural rate of unemployment
• B)a decrease in both the real wage and the natural rate of unemployment
• C)an increase in the real wage and a reduction in the natural rate of unemployment
• D)a decrease in the real wage and an increase in the natural rate of unemployment
• E) none of the above

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Definitions:

Reengineering

The radical redesign of business processes to achieve dramatic improvements in critical measures of performance such as cost, quality, service, and speed.

Strategic Management Process

The comprehensive collection of ongoing activities and processes that organizations use to systematically coordinate and align resources and actions with mission, vision, and strategy throughout an organization.

Strategy Implementation

The process of executing plans and strategies to achieve organizational objectives, involving the allocation of resources and coordination of staff and departments.

Strategic Assessment

A comprehensive evaluation process of an organization’s strategic position, considering internal and external factors, to inform decision-making and future strategy.