A Movement Up the Phillips Curve Will Cause

question 66

Multiple Choice

A movement up the Phillips curve will cause

• A)An increase in both unemployment and inflation.
• B)A decrease in both unemployment and inflation.
• C)A trade-off between unemployment and inflation.
• D)An outcome known as stagflation.

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Definitions:

Men

Adult human males.

Changing

The process of becoming different in some particular way, without permanently losing one's or its essential characteristics or essence.

Mainstream Media

Media outlets, such as newspapers, television, and radio stations, that reach a large audience and are considered to be a primary source of news and information.

Within

Within pertains to being inside or enclosed by a boundary or space, often used to specify a location or framework.