An Increase in Expected Inflation Will

question 42

Multiple Choice

An increase in expected inflation will

• A)increase real wages.
• B)decrease the natural rate of unemployment.
• C)shift the long-run Phillips curve to the right.
• D)None of the above is correct.

---

Definitions:

Human Resources Director

A senior-level executive responsible for overseeing the development and implementation of policies and strategies related to the management of an organization’s employees.

Strategic

Pertaining to the identification of long-term goals and the formulation of plans to achieve them, taking into account resources, competition, and the external environment.

Financially Successful

Refers to the state or condition of having achieved or exceeded desired financial goals, often indicative of profitable operations and effective financial management in an individual or organization's context.

People as Costs

A perspective in business where employees are viewed primarily as financial liabilities rather than assets or contributors to the company's growth.