-The Basic Problem Portrayed by the Traditional Phillips Curve Is

question 10

Multiple Choice

-The basic problem portrayed by the traditional Phillips curve is:

• A)that an increase in aggregate demand sufficiently large to result in full employment may also cause inflation
• B)that changes in the composition of total labour demand tend to cause deflation
• C)that unemployment tends to increase at the same time that the general price level is rising
• D)the possibility that automation will increase the level of structural unemployment
• E)that changes in the composition of total labour demand tend to cause inflation

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Definitions:

Management Development

The process by which managers learn and improve their skills not only to benefit themselves but also their employing organizations.

Training

The process of teaching or developing in oneself or others, any skills and knowledge that relate to specific useful competencies.

Beginning Managers

Individuals who are newly appointed to a managerial position, often facing the challenge of learning to lead and manage effectively.

Performance Appraisal

Performance appraisal is a systematic evaluation of an employee's job performance and productivity in relation to certain pre-established criteria and organizational objectives.