ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
CULTURAL DIFFERENCES AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Decrease in employment means recession, low inflation, currency appreciation, and low CPI.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Inflation and recessions are very different economic phenomena, but they are intrinsically linked. High inflation rates can indicate an impending recession, as businesses react to higher costs by reducing production and increasing prices.
Detailed explanation-2: -The Phillips Curve is the graphical representation of the short-term relationship between unemployment and inflation within an economy. According to the Phillips Curve, there exists a negative, or inverse, relationship between the unemployment rate and the inflation rate in an economy.
There is 1 question to complete.