The Long-Run Phillips Curve Is Downward-Sloping

question 13

True/False

The long-run Phillips curve is downward-sloping.

---

Definitions:

Resistance To Change

The reluctance or opposition by individuals or groups within an organization to alter established habits, practices, or processes.

Planned Change

A deliberate effort to improve an organization's operations, structures, or processes through systematic interventions.

Better Fit

A situation or solution that more appropriately or suitably matches the requirements or needs compared to other options.

Lewin's Planned Change

A model developed by Kurt Lewin that describes organizational change through three steps: unfreezing, changing, and refreezing.