Claudia Recalls That Pierre Trudeau Was Once Prime Minister of Canada,but

question 32

Multiple Choice

Claudia recalls that Pierre Trudeau was once prime minister of Canada,but she was not alive during Pierre Trudeau's administration and has no clue if she learned the information in school,in a book,or on the news.Claudia is experiencing a failure of _____ memory.

• A)semantic
• B)prospective
• C)source
• D)implicit

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Definitions:

Short-Run Phillips Curve

An economic model that shows an inverse relationship between the rate of unemployment and the rate of inflation for a given economy over a short period.

Money Supply

The entire volume of money assets within an economy at a particular time.

Fed Increases

Refers to the Federal Reserve raising interest rates or tightening monetary policy, typically to combat inflation or overheating in the economy.

Adverse Supply Shock

A situation where the supply of goods decreases suddenly, leading to higher prices and lower quantities available.