The Short-Run Phillips Curve Shows That as the Unemployment Rate

question 115

Multiple Choice

The short-run Phillips curve shows that as the unemployment rate goes down,_____.

• A)unemployment benefit payments go up
• B)prices go down
• C)the Phillips curve shifts outward
• D)the inflation rate goes up
• E)there is no change in the rate of inflation

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Definitions:

Electroencephalogram

A test that measures electrical activity in the brain using small, flat metal discs attached to the scalp.

Neural Activity

The functioning of neurons, including the transmission of electrical and chemical signals within the brain and nervous system.

Electrodes

Conductive materials or devices used to make electrical contact with a nonmetallic part of a circuit, often used in scientific experiments.

Reticular Activating System

A network of neurons located in the brainstem that plays a crucial role in regulating wakefulness and sleep-wake transitions.