What Can Be Concluded from the Chart Below (Which Shows

question 60

Multiple Choice

What can be concluded from the chart below (which shows inflation versus unemployment rates from 1948 to 2015) ?

• A) In the long run,the Phillips Curve is a robust model.
• B) In the short run,unemployment is correlated with inflation.
• C) In the long run,unemployment is correlated with inflation.
• D) In the short run,unemployment is not always correlated with inflation.
• E) In the long run,unemployment is not always correlated with inflation.

---

Definitions:

Mental Status

A measure of a person's cognitive, emotional, and psychological well-being and functioning, often assessed through observations and specific tests.

Judgment

The cognitive process of evaluating situations or information to make reasoned decisions or form opinions.

Reflexes

Involuntary responses to a stimulus, which are automatic and without conscious thought.

Sensory Deprivation

A condition in which an individual receives little to no sensory input, often used therapeutically or in research to study the effects on the mind and body.