A Basis for the Slope of the Short-Run Phillips Curve

question 187

Multiple Choice

A basis for the slope of the short-run Phillips curve is that when unemployment is high there are

• A)downward pressures on prices and wages.
• B)downward pressures on prices and upward pressures on wages.
• C)upward pressures on prices and downward pressures on wages.
• D)upward pressures on prices and wages.

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Definitions:

Organizational Levels

The hierarchy within a company that structures the allocation of responsibility, from top management to lower-level employees.

Board of Directors

A group of individuals elected to represent shareholders, making key decisions and overseeing the general direction of a company or organization.

Board of Directors

A group of individuals elected to represent shareholders and govern the affairs of a corporation by making decisions and setting policies.

Corporate Level

Pertains to high-level strategic decisions made by a company's top executives that affect the entire organization.