According to the Short-Run Phillips Curve, If Unemployment Is 3

question 262

Multiple Choice

According to the short-run Phillips curve, if unemployment is 3.2% and inflation is 1.3%, an increase in the inflation rate might result in which of the following?

• A)an increase in the unemployment rate to 3.4%
• B)a decrease in the unemployment rate to 3.0%
• C)a decrease in the demand for labour in the economy
• D)a return to the original inflation rate of 1.3%
• E)permanently higher inflation and an unemployment rate of 3.2%

---

Definitions:

Workplace Noise

Unwanted sound in the work environment that can lead to health and safety risks, decreased productivity, and communication difficulties.

Ergonomics

The science of designing the workplace, keeping in mind the capabilities and limitations of the worker, to improve safety and productivity.

Employee Workstation

A designated area in a workplace equipped for a specific employee to perform their job, often including necessary tools and technology.

Hackman And Oldham

Creators of the Job Characteristics Model, which suggests that job satisfaction and performance improve when jobs are redesigned to enhance autonomy, feedback, skill variety, task identity, and task significance.