The Short-Run Phillips Curve and the Long-Run Phillips Curve Are

question 167

Multiple Choice

The short-run Phillips curve and the long-run Phillips curve are different because

• A) the expected rate of inflation is always zero in the long run, while it is a positive number in the short run.
• B) the expected rate of inflation is always zero in the short run, while it is a positive number in the long run.
• C) the actual and expected rate of inflation are equal in the short run.
• D) the actual and expected rate of inflation are equal in the long run.

---

Definitions:

Strategic Initiative

A planned effort undertaken by an organization to achieve a major goal or objective, often involving significant resources and change.

Balanced Scorecard

A strategic planning and management system used to align business activities to the vision and strategy of the organization by monitoring performance against strategic goals.

Strategic Objective

Long-term goals that help convert a business's stated vision into specific performance targets.

Performance Perspective

Relates to analyzing and assessing the efficiency, effectiveness, and outcomes of operations and strategies within a business or project.