After the 1960s,the Short-Run Phillips Curve Based on U

question 96

Multiple Choice

After the 1960s,the short-run Phillips curve based on U.S.economic data:

• A)began shifting inward.
• B)began shifting outward.
• C)did not shift at all.
• D)became virtually horizontal.
• E)became virtually vertical.

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Definitions:

New Social Movements

Became prominent in the 1970s. They attract a disproportionately large number of highly educated people in the social, educational, and cultural fields and universalize the struggle for citizenship.

New Social Movements

refer to collective actions aimed at addressing social issues, often focused on identity, culture, and quality of life improvements, rather than traditional economic or political concerns.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness.

Solidarity Theory

A sociological theory that emphasizes the importance of unity and agreement within a society in maintaining order and support among different groups.