In the Late 1960s and Early 1970s, How Did the Short-Run

question 197

Multiple Choice

In the late 1960s and early 1970s, how did the short-run Phillips curve shift?

• A) It shifted right as inflation expectations rose.
• B) It shifted right as inflation expectations fell.
• C) It shifted left as inflation expectations rose.
• D) It shifted left as inflation expectations fell.

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Definitions:

Pathos

An appeal to emotion, one of the three modes of persuasion in rhetoric, used to engage an audience's feelings and sympathies.

Emotion

Complex psychological states involving physiological arousal, expressive behaviors, and conscious experience.

Logos

A symbol or other design adopted by an organization to identify its products, uniform, vehicles, etc., sometimes referring to the logical appeal in rhetoric.

Ethos

A rhetorical appeal to authority or credibility, often used in persuasive writing and speech to establish trust with the audience.