The Typical Relationship Between Inflation and Unemployment Is

question 123

Multiple Choice

The typical relationship between inflation and unemployment is

• A) as unemployment falls, inflation falls.
• B) as unemployment falls, inflation increases.
• C) as unemployment falls, nothing happens to inflation.
• D) unemployment changes do not directly lead to changes in inflation, but inflation changes may cause changes in unemployment.

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Definitions:

Effective Performance

The degree to which tasks are completed successfully and goals are achieved efficiently and effectively.

Change Competency

The ability of an individual or organization to adapt effectively to new conditions, challenges, or environments.

Technological Forces

The influences that advancements or changes in technology have on society, the economy, and individual businesses.

Competency

A combination of skills, knowledge, and behaviors that are required for effective performance in a job role.