Question
The Phillips curve shows that: a- Inflation is usually higher than expected when actual equilibrium GDP is greater than potential GDP b- Changes in labor
The Phillips curve shows that:
a- Inflation is usually higher than expected when actual equilibrium GDP is greater than potential GDP
b- Changes in labor demand tend to be deflationary
c- As unemployment rises, the general price level is rising
d- Technological improvements might increase the level of noncyclical unemployment
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Managing Human Resources
Authors: Susan E Jackson, Randall S Schuler, Steve Werner
12th Edition
0190857560, 9780190857561
