For This Question,assume That Workers Expectations of the Price Level

question 55

Multiple Choice

For this question,assume that workers expectations of the price level and productivity are accurate.Now suppose that the economy experiences an increase in productivity.Which of the following will occur in the medium run?

• A)no change in unemployment
• B)an increase in unemployment
• C)a reduction in unemployment
• D)no change in the natural level of output if the unemployment rate does not change
• E) none of the above

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A business dedicated to managing communications and public relations for other companies or individuals, aiming to foster a positive public image and manage perceptions.

Joseph V. Baker

Was a pioneering African American public relations professional, recognized for his contributions to the field in the early to mid-20th century.

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The process by which a business or organization plans for, responds to, and recovers from a significant negative event affecting its reputation or operations.