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:

Implicit Prejudice

Unconscious biases or attitudes towards certain groups of people without conscious awareness.

Facial Muscles

A group of skeletal muscles located underneath the facial skin that control facial expressions.

Explicit Associations

Conscious and deliberate connections or relationships between ideas, objects, or symbols.

Implicit Associations

The unconscious attributions and connections one makes between different concepts and perceptions, often studied in the context of biases and attitudes towards social groups.