Figure 22-8

question 211

Multiple Choice

Figure 22-8. The left-hand graph shows a short-run aggregate-supply (SRAS) curve and two aggregate-demand (AD) curves. On the right-hand diagram, "Inf Rate" means "Inflation Rate."
-Refer to Figure 22-8. Subsequent to the shift of the Phillips curve from PC₁ to PC₂, the curve will soon shift back to PC₁ if people perceive the

• A)increase in the inflation rate as a temporary aberration.
• B)economic boom as a temporary aberration.
• C)increase in the inflation rate as a sign of a new era of higher inflation.
• D)economic boom as a sign of a new era of higher economic growth.

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Definitions:

Inborn Traits

Inborn traits are characteristics, qualities, or abilities that are present in an organism from birth, influenced by genetic inheritance.

Social Influences

The effects that the words, actions, or mere presence of other people have on an individual's thoughts, feelings, attitudes, or behavior.

Sexual Preferences

An individual's pattern of physical, romantic, and/or emotional attraction to others, based on their gender or characteristics.

Evolutionary Perspective

A theoretical approach in psychology and other disciplines that seeks to explain behavior, traits, and patterns by considering their adaptive values and origins through natural selection.