The Short-Run Phillips Curve Is _{--------------------}curve Along Which an Increase

question 103

Multiple Choice

The short-run Phillips curve is _{--------------------}curve along which an increase in the unemployment rate is associated with _{--------------------}in the inflation rate.

• A)an upward sloping; an increase
• B)a downward sloping; no change
• C)a downward sloping; a decrease
• D)a horizontal; no change
• E)a vertical; no change

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Definitions:

Hostility

A feeling or attitude of deep animosity, antagonism, or anger toward other individuals or entities.

Negative Affectivity

A personality trait characterized by pervasive negative emotions and mood, including sadness, anxiety, and irritability.

Potential Stressors

Elements or conditions in one’s environment that can potentially cause stress.

Feel Anxious

Experiencing worry, unease, or nervousness about an imminent event or something with an uncertain outcome.