Figure 16-7 -Refer to Figure 16-7.The Movement from Point 3 to Point

question 49

Multiple Choice

Figure 16-7

-Refer to Figure 16-7.The movement from point 3 to point 4 is consistent with which phase Of the inflation-unemployment cycle?

• A)Phillips phase because inflation is increasing while unemployment is falling
• B)recovery phase because although inflation has risen, unemployment is closer to its natural rate
• C)stagflation phase because inflation and unemployment have risen
• D)recovery phase because the inflationary gap has been eliminated

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Definitions:

Dependent Variable

is the variable in an experiment that is expected to change in response to manipulations in the independent variable.

Empirical Methods

Research methods based on observation or experiment rather than theory or logic, emphasizing the collection of data to test hypotheses.

Psychology's Commitment

The dedication of the discipline to understand, explain, and improve human behavior and mental processes through scientific methods.

Dependent Variable

The variable in an experiment that is expected to change as a result of changes made to the independent variable.