Comparing the AS-AD Model and the Phillips Curve, We See

question 62

Multiple Choice

Comparing the AS-AD model and the Phillips curve, we see that

• A)the Phillips curve is graphed as a relationship between the price level and the unemployment rate.
• B)the AS-AD model uses the price level and the Phillips curve uses the rate of inflation.
• C)the AS-AD model is graphed as a relationship between the inflation rate and the rate of real GDP.
• D)the AS-AD model uses the price level and the Phillips curve uses real GDP.
• E)they both are graphed as a relationship between the rate of inflation and the unemployment rate.

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Definitions:

John B. Watson

An American psychologist who established the psychological school of behaviorism.

Psychological Research

The systematic investigation of scientific theories and behaviors to understand or explain psychological phenomena.

Ethical Issues

Moral challenges and concerns that arise in the practice of personal and professional conduct, affecting decisions and actions.

Animal Subjects

Non-human animals used in research to study biological, psychological, or medical processes.