Demand Shocks Move Unemployment and Inflation in

question 291

Multiple Choice

Demand shocks move unemployment and inflation in

• A) the same directions, as the Phillips Curve suggests.
• B) opposite directions, as the Phillips Curve suggests.
• C) the same directions, which is not what the Phillips Curve suggests.
• D) opposite directions, which is not what the Phillips Curve suggests.
• E) circles.

---

Definitions:

Canada Labour Code

Federal legislation in Canada that regulates employment standards, workplace safety, and labor relations for federally regulated employers.

Industrial Relations

The study and practice of managing the workforce, including the relationships between employers, employees, and the government.

Right To Join

The entitlement of individuals to become a part of an organization, group, or union, typically without restrictions.

Legal Obligation

A duty enforced by law that requires an individual or organization to follow or avoid specific actions.