Research Shows That People Are Generally Waiting Longer to Get

question 182

Multiple Choice

Research shows that people are generally waiting longer to get married, and that divorce rates have increased steadily over the years. Given these trends, it might be surprising to find out that _________ of adults will marry at least once in their lives!

• A) 50%
• B) 65%
• C) 80%
• D) 95%

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Definitions:

Short-Run Phillips Curve

A graphical representation that shows an inverse relationship between the rate of inflation and the unemployment rate in the short-term.

World Commodity Prices

The prices of goods such as oil, gold, coffee, etc., that are traded internationally and can fluctuate due to supply and demand dynamics.

Disinflation

A reduction in the rate of inflation; a slowdown in the rate at which prices increase over time.

Sacrifice Ratio

An economic ratio that measures the effect of rising unemployment on the reduction of inflation within an economy.