The Newer View of the Phillips Curve Implies That

question 38

Multiple Choice

The newer view of the Phillips curve implies that

• A)the natural rate of unemployment can be reduced by expansionary monetary policy
• B)in the long run unemployment does not move towards a natural rate if there is frictional unemployment
• C)an increase in monetary growth affects unemployment and inflation in the short run, but only affects inflation in the long run
• D)there is a clear inverse relationship between unemployment and output
• E)stagflation can best be addressed by implementing expansionary fiscal policies

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Definitions:

Expected Activity Times

Predicted durations for tasks or activities within a project, often based on historical data and used in planning and scheduling.

CPM Network

Critical Path Method Network, a project management tool that models tasks and their dependencies as a network to identify key deadlines and the longest stretch of dependent activities.

Predecessors

Refers to elements or tasks that must be completed before a certain task or element can begin in scheduling and project management.

Successor

An entity or individual that follows or comes after another in a specific role, position, or sequence.