Which of the Following Statements About the Phillips Curve Is

question 141

Multiple Choice

Which of the following statements about the Phillips curve is not true?

• A)It bears its name because of A.W.Phillips, a British economist who first showed that such a correlation existed.
• B)It was originally shown to exist in British data from 1861 to 1957.
• C)The Phillips curve was used in the 1960s and 1970s to justify a monetary policy that included higher inflation.
• D)It reflects a negative correlation between the unemployment rate and the inflation rate.
• E)All of these are true.

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Definitions:

Neurotransmitter Release

The process by which neurons release chemical messengers into the synaptic cleft, allowing them to communicate with adjacent cells.

Decrease

Decrease refers to a reduction in quantity, size, intensity, or the level of something.

Bipolar Cells

A type of neuron found in the retina, acting as an intermediary between photoreceptors and ganglion cells, transmitting visual information.

Ganglion Cells

Neurons located in the retina that receive visual information from photoreceptors and transmit it to the brain.