Which of the Following Leads to a Rightward Shift in the Short-Run

question 346

Multiple Choice

Which of the following leads to a rightward shift in the short-run Phillips curve?
I. a reduction in the expected inflation rate
II. an increase in the natural unemployment rate

• A) I only
• B) II only
• C) I and II
• D) neither I nor II

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Definitions:

Bullwhip Measure

A method or metric used to quantify the degree of the bullwhip effect within a supply chain.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, used in statistics to quantify the variance from the mean.

Bullwhip Effect

The phenomenon where variations in demand at the retail level cause progressively larger fluctuations in demand at the wholesale, distributor, manufacturer, and raw material supplier levels.

Shortage Gaming

A strategy used in supply chain management where participants may exaggerate their needs to avoid stockouts, often leading to inefficiencies or distortions in supply chains.