Moving Along the Short-Run Phillips Curve, If_{--------------------}increases Then _{--------------------} Decreases

question 22

Multiple Choice

Moving along the short-run Phillips curve, if_{--------------------}increases then _{--------------------} decreases.

• A)unemployment; the expected inflation rate
• B)inflation; real GDP
• C)inflation; unemployment
• D)unemployment; the price level
• E)inflation; the price level

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Definitions:

Encoding

The process of converting information into a form that can be stored in memory.

Neural Messages

Electrical and chemical signals that are transmitted by neurons to send information throughout the nervous system.

Optic Nerve

A cranial nerve that transmits visual information from the retina to the brain.

Light Rays

Streams of photons that move in a straight line and are responsible for allowing the human eye to see and perceive the world around.