(a). In today's economy, it's harder for workers to get promoted. In 2006, it took an average of 2 ½ years to get a promotion; today it takes 4 ½ years. As a result, fewer workers are willing to boost their productivity in an effort to impress the boss and get the promotion. In 2006, 25 percent of employees said they were willing to give "an extra oomph" at work (boost their productivity): today about 15 percent are willing to do so. Explain the connection to the Phillips curve. (b). When an employer lists a job opening, they receive hundreds of applications. Eightfold is a new product that uses artificial intelligence (Al) to scan resumes and quickly and accurately identify the applicants who are the best fit for the job. An economist who studied the use of Al in hiring said, "You get the more nontraditional, equally qualified, equally high-performing people, but the employer doesn't seem to have to compete for them as much." What effect might the use of Al have on the slope of the Phillips curve and why? 2. (a). In today's economy, it's harder for workers to get promoted. In 2006, it took an average of 2 ½ years to get a promotion; today it takes 4 ½ years. As a result, fewer workers are willing to boost their productivity in an effort to impress the boss and get the promotion. In 2006, 25 percent of employees said they were willing to give "an extra oomph" at work (boost their productivity): today about 15 percent are willing to do so. Explain the connection to the Phillips curve. (b). When an employer lists a job opening, they receive hundreds of applications. Eightfold is a new product that uses artificial intelligence (Al) to scan resumes and quickly and accurately identify the applicants who are the best fit for the job. An economist who studied the use of Al in hiring said, "You get the more nontraditional, equally qualified, equally high-performing people, but the employer doesn't seem to have to compete for them as much." What effect might the use of Al have on the slope of the Phillips curve and why?