Morphology Is the

question 9

Multiple Choice

Morphology is the

Explain the relationship between inflationary expectations and the position or movement of the Phillips curve.

Identify the conditions under which the economy moves along or shifts the short-run Phillips curve.

Understand the natural rate of unemployment and its significance.

Differentiate between active and passive economic policies and their impact on business cycles.

Definitions:

Locally Installed Software

Software that is installed on your device’s internal storage.

Vertical Market Software

Software that’s developed for and customized to a specific industry’s needs (such as a wood inventory system for a sawmill) as opposed to software that’s useful across a range of industries (such as word processing software).

Application Software

The set of programs on a computer that helps a user carry out tasks such as word processing, sending e-mail, balancing a budget, creating presentations, editing photos, taking an online course, and playing games.

Adobe Photoshop

A software application for image editing and photo retouching for use on Windows or MacOS computers, developed by Adobe Systems.