An Increase in Aggregate Demand Will Reduce the Unemployment Rate

question 97

True/False

An increase in aggregate demand will reduce the unemployment rate only if the ensuing inflation is anticipated.

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Definitions:

Satisfier Factor

Elements of a job that increase employees' satisfaction and motivation, according to Herzberg's two-factor theory of motivation.

Job Content

Describes the specific duties, responsibilities, and tasks that constitute a particular job or role within an organization.

Two-Factor Theory

A psychological theory proposed by Herzberg that explains job satisfaction and motivation by differentiating between factors that cause satisfaction (motivators) and those that cause dissatisfaction (hygiene factors).

Job Context

The physical and social aspects of a job environment that influence the work experience.