A Policy Change That Changes the Natural Rate of Unemployment

question 115

Multiple Choice

A policy change that changes the natural rate of unemployment changes

• A)neither the long-run Phillips curve nor the long-run aggregate supply curve.
• B)both the long-run Phillips curve and the long-run aggregate supply curve.
• C)the long-run Phillips curve,but not the long-run aggregate supply curve.
• D)the long-run aggregate supply curve,but not the long-run Phillips curve.

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Definitions:

Identified Risks

Potential events or conditions that could negatively impact a project or business operation, which have been recognized and assessed for their impact and likelihood.

Project Risk

Potential events or conditions that can negatively impact the outcome of a project, including delays, cost overruns, and scope changes.

Organizational Risk

The potential for losses or negative outcomes resulting from the strategies, processes, or resources of an organization.

Internal Complexity

Refers to the intricacy or difficulty within an organization’s processes, structures, or systems.