The Historical Record Suggests That

question 125

Multiple Choice

The historical record suggests that

• A)the Phillips curve is horizontal.
• B)once policy makers attempted to exploit a short-run Phillips curve trade-off, it disappeared.
• C)shifts in long-run aggregate supply do not affect real output.
• D)inflation rates are lowest when unemployment rates are also low.

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Definitions:

Expatriates

Are employees who are sent by a firm to work in another country; they may be either parent-country or third-country nationals.

Cultural Skills

Abilities that enable an individual to effectively interact, work, or engage with people from different cultural backgrounds.

Foreign-Language Skills

The ability to speak, read, and/or write in languages other than one's native language, enhancing communication and cultural understanding in global interactions.

Performance Orientation

A cultural value or organizational strategy focusing on achieving high levels of performance and excellence among employees.