Looking at How the Rate of Inflation and Unemployment Have

question 45

Multiple Choice

Looking at how the rate of inflation and unemployment have behaved over the last three decades we can see that

• A)unemployment and inflation have always increased together
• B)unemployment has always increased when inflation decreased
• C)there is no simple relationship between unemployment and inflation
• D)low unemployment always implies high inflation
• E)high unemployment always implies high inflation

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Definitions:

Functional Theory

A sociological perspective that examines society as a complex system whose parts work together to promote solidarity and stability, focusing on social functions and contributions.

Intergenerational Mobility

Is social mobility that occurs between generations.

Substantial

Of considerable importance, size, or worth; something that is ample or significant in quantity.

More Than One Generation

This phrase typically refers to the involvement or consideration of multiple age groups within a family, community, or study, spanning parents, children, and possibly grandparents.