What Can Be Concluded from the Chart Below Which Shows

question 17

Multiple Choice

What can be concluded from the chart below which shows inflation versus unemployment rates from 1948 to 2015) ?

• A) In the long run, the Phillips Curve is a robust model.
• B) In the short run, unemployment is correlated with inflation.
• C) In the long run, unemployment is correlated with inflation.
• D) In the short run, unemployment is not always correlated with inflation.
• E) In the long run, unemployment is not always correlated with inflation.

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Definitions:

Negligence Per Se

A legal doctrine where an act is considered negligent because it violates a statute or regulation that is designed to protect the public.

Res Ipsa Loquitur

A legal doctrine that allows an inference of negligence to be drawn from the very nature of an accident or injury, in the absence of direct evidence on how the defendant behaved.

Proximate Cause

A legal concept that determines whether the harm or damage sustained by an individual is directly related to an event or action, playing a significant role in determining liability.

Legal Cause

A legally sufficient reason or justification for an action, event, or decision, especially in the context of litigation or legal obligations.