If the Short-Run Aggregate Supply Curve Is Steep, the Phillips

question 91

Multiple Choice

If the short-run aggregate supply curve is steep, the Phillips curve will be:

• A) flat.
• B) steep.
• C) backward-bending.
• D) unrelated to the slope of the short-run aggregate supply curve.

---

Definitions:

Maintenance Factors

In Herzberg's two-factor theory, aspects of the work environment that are necessary to prevent dissatisfaction but do not necessarily motivate employees.

Justified

Having a good reason or being shown to be right or reasonable.

Job Rotation

A workplace strategy where employees rotate between different tasks or roles to learn new skills and gain exposure to various aspects of an organization.

Job Enrichment

The process of making a job more satisfying and engaging through varied tasks and increased responsibilities.