The Tradeoff Between Inflation and Unemployment

question 28

Multiple Choice

The tradeoff between inflation and unemployment

• A)implies that policies designed to reduce unemployment also reduce inflation.
• B)was eliminated by improved economic policies in the 1900s.
• C)is a long-run tradeoff,persisting for decades,according to most economists.
• D)None of the above are correct.

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Definitions:

Culturally Biased Tests

Tests that may not fairly reflect the abilities of individuals from diverse cultural backgrounds due to the inclusion of culturally specific content.

Minority Populations

Groups within a population that are smaller in number and often have different ethnic, racial, or cultural backgrounds compared to the majority.

Larry P.

Refers to a landmark legal case (Larry P. v. Riles) concerning the use of standardized IQ tests for African American children in San Francisco, which was ruled as discriminatory.

Bayley Scales

A series of standardized tests used to assess the developmental progress of infants and toddlers.