The Short- Run Phillips Curve and the Long- Run Phillips

question 46

Multiple Choice

The short- run Phillips curve and the long- run Phillips curve intersect at the and
)

• A) expected inflation rate; the natural unemployment rate
• B) expected inflation rate; the expected unemployment rate
• C) natural inflation rate; the expected employment rate
• D) expected inflation rate; the expected employment rate

---

Definitions:

Flynn Effect

The observed rise over time in standardized intelligence test scores, theorized to be caused by various factors like improved nutrition, education, and test-taking strategies among populations.

Intelligence Tests

Standardized assessments designed to measure human intelligence and cognitive abilities.

IQ

An abbreviation for Intelligence Quotient, a theoretical measure of an individual's cognitive abilities in relation to their age group.

Multiple Intelligences

A theory proposed by Howard Gardner, suggesting that people have different kinds of intelligences, such as linguistic, logical-mathematical, and spatial.