Policy makers at the Federal Reserve in the United States level believe it takes a far bigger swing in unemployment to affect inflation than it did 25 years ago.Now, when inflation fluctuates, they are more likely to blame other factors such as the price of oil.This is an example of a(n) __________ environmental force.

Question

Quizplus · Accepted Answer

The statement is referring to changes in the economic environment, particularly the relationship between unemployment and inflation, which is an economic concept. The other options, such as social, legal, regulatory, and competitive, do not fit the context of the statement.

Policy Makers at the Federal Reserve in the United States