How Does an Increase in the Aggregate Demand Translate in the Phillips

question 53

Multiple Choice

How does an increase in the aggregate demand translate in the Phillips curve model?

• A) as an upward movement along the short-run Phillips curve
• B) as a shift to the right of the short-run Phillips curve
• C) as a downward movement along the short-run Phillips curve
• D) as a shift to the left of the short-run Phillips curve

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Definitions:

Cognitive Dissonance

The psychological discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.

Emotional Dissonance

The conflict or inconsistency between the emotions one feels and the emotions one expresses in a professional context.

Organizationally Desired Emotions

The specific emotional states that an organization aims for its employees to exhibit, often to maintain a particular corporate image or working environment.

Regulate Relationships

The act of managing interactions and connections between individuals or groups to ensure positive outcomes.