According to the Short-Run Phillips Curve,if Unemployment Is 2

question 171

Multiple Choice

According to the short-run Phillips curve,if unemployment is 2.4% and inflation is 3.7%,a decrease 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 labor in the economy
• D)Both A and C are correct answers.

Understand the basic concepts and theories of motivation in organizational behavior.

Identify factors affecting employee motivation and how they can be leveraged to improve organizational performance.

Distinguish between intrinsic and extrinsic motivators and their impact on employee behavior.

Recognize the significance of organizational climate and its effect on worker morale and productivity.

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Definitions:

Minority Applicants

Individuals from demographic groups that are underrepresented in a particular area or field, applying for positions or opportunities.

Equally Qualified Employees

Workers who have the same level of skills, experience, and qualifications, making them similarly suitable for a particular job or task.

Recruitment And Retention Challenges

The difficulties organizations face in attracting new employees and keeping existing ones engaged and employed.

Global Labor Shortage

A situation where there are insufficient qualified candidates available to fill the job openings in various industries worldwide.