-Refer to the Above Graph

question 14

Multiple Choice

-Refer to the above graph.The economy is at point B₂,and aggregate demand increases.In the short run,the economy will:

• A) stay at point B₂.
• B) move to point C₂ and in the long run to B₃.
• C) move to point B₃ and in the long run to C₂.
• D) move to point B₁ and in the long run to B₁.

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Definitions:

HR Metrics

Quantitative measures used to track and assess the efficiency and effectiveness of HR policies, processes, and practices.

Productivity

The measure of efficiency in which goods and services are produced, often evaluated in terms of the output generated per unit of input.

Psychological Contract

The unwritten, informal agreement between an employer and employee that outlines mutual expectations, commitments, and obligations.

Training and Development

A function of human resource management concerned with organizational activity aimed at enhancing the performance of individuals and groups in organizational settings.