Use the Following to Answer Questions

question 69

Multiple Choice

Use the following to answer questions :
Exhibit: AD-AS Shifts
-(Exhibit: Short-Run Phillips Curve) As the short-run Phillips curve shifts from A to B to C to D:

• A) the expected rate of inflation is unchanged at every level of unemployment.
• B) there is a lower-expected rate of inflation at every level of unemployment.
• C) there is a higher-expected rate of inflation for every level of unemployment.
• D) the natural rate of unemployment falls

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Definitions:

Legitimate Power

A form of authority where power is given based on a position held in an organization's hierarchy.

Power by Convincing

The ability to influence others’ actions, decisions, or opinions through argumentation and persuasion.

Legitimate Power

A form of power derived from having a recognized and official position within an organization, allowing the holder to influence others.

Information Flow

The movement of information within an organization, from the collection, processing, and dissemination of data, to effectively support decision-making and organizational activities.