If Inflation Is Less Than Expected,then the Unemployment Rate Is

question 136

Multiple Choice

If inflation is less than expected,then the unemployment rate is

• A)greater than the natural rate.In the long run the short-run Phillips curve will shift right.
• B)greater than the natural rate.In the long run the short-run Phillips curve will shift left.
• C)less than the natural rate.In the long run the short-run Phillips curve will shift right.
• D)less than the natural rate.In the long run the short-run Phillips curve will shift left.

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Definitions:

Top Management

The highest level of management in an organization, responsible for the overall direction, strategy, and success of the company.

Stock-Option Plan

A compensation strategy that offers employees the option to buy company shares at a discounted price.

Predetermined Price

A price established in advance for transactions, often based on cost estimates or contractual agreements.

Multinational Organization

is a business entity that operates in multiple countries outside of its original or home country, managing production or delivering services in several countries.