US Data Fit the Pattern of a Short Run Phillips

question 6

Multiple Choice

US data fit the pattern of a short run Phillips Curve better in the 1960s than in the 1970s primarily because

• A) government used more demand management in the 1970s than in the 1960s
• B) wages were more flexible in the 1960s than in the 1970s
• C) oil price shocks in the 1970s shifted the Phillips Curve
• D) the concepts of inflationary expectations and the natural rate of unemployment had not been introduced in the 1960s
• E) the end of the Vietnam War in the 1970s fundamentally altered the natural rate of unemployment

Understand various ethical views (utilitarian, individualism, justice) and their application in business scenarios.

Differentiate between instrumental and terminal values and their relevance to business ethics.

Identify the processes and benefits of a social responsibility audit.

Recognize the challenges faced by corporate governance in ensuring corporate social responsibility.

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Definitions:

Fraudulent E-Mails

Deceptive emails sent with the intention of tricking recipients into parting with their money, personal details, or both.

Wire Fraud

A fraudulent scheme to intentionally deprive another of property or honest services via telecommunications or the internet.

Arrest Warrant

a legal document issued by a judge or magistrate that authorizes the police to arrest an individual suspected of a crime.

Embezzlement

The act of wrongfully appropriating funds or property entrusted to one's care.