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:

Organic Product

A compound or material derived from living organisms or the result of organic reactions.

Structure

The three-dimensional arrangement of atoms within a molecule, which determines its chemical behavior.

Polypropylene

A thermoplastic polymer made through the polymerization of propylene, used in packaging, textiles, and various types of containers.

Carbonate Ester

An organic compound formed by the reaction of a carbonate ion with an alcohol, often used as solvents and intermediates in chemical synthesis.