Considering a Plot of the Inflation Rate and the Unemployment

question 44

Multiple Choice

Considering a plot of the inflation rate and the unemployment rate,one might conjecture that the short run Phillips curve was further to the right in the first part of the 2000's than it was in the last part of the 1990s and 2000.

• A)If so,this might have been the result of a negative supply shock or an increase in expected inflation.
• B)If so,this might been the result of a negative supply shock,or a decrease in expected inflation.
• C)If so,this might have been the result of a positive supply shock,or an increase in expected inflation.
• D)If so,this might have been the result of a positive supply shock,or a decrease in expected inflation.

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Definitions:

Managers' Primary Obligation

The fundamental responsibility of managers to ensure the survival and success of the organization by making effective decisions.

Best Interests

A principle guiding actions or decisions made with the well-being or favorable outcome for a party or concerned individuals as the primary concern.

Pension Fund Investors

Individuals or entities that manage investments made with the contributions to pension funds, aiming for growth to secure benefits for future retirees.

Labor Movement

A social and economic movement promoting workers' rights and interests, often through the formation of labor unions.