If the Actual Inflation Rate Exceeds the Expected Inflation Rate

question 68

Multiple Choice

If the actual inflation rate exceeds the expected inflation rate,

• A)the economy is on the long-run Phillips curve
• B)unemployment exceeds the natural rate
• C)maintaining the existing unemployment rate will require increasing inflation in the long run
• D)the actual rate will tend to fall toward the expected rate
• E)unemployment will tend to decrease in the long run

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Definitions:

Work Methods

The procedures and techniques employed to complete tasks efficiently and effectively in a workplace.

Performance Standards

Criteria established for evaluating the effectiveness and efficiency of employees' work or organizational productivity.

Motion Study

The science of reducing a task to its basic physical motions.

Task Evaluation

The process of assessing the performance and effectiveness of a specific task or activity in achieving its objectives.