Write the Vector in the Form ≪a, B> $\langle 41.01,41.01 \rangle$

question 38

Multiple Choice

Write the vector in the form <a, b>. If necessary, round values to the nearest hundredth.
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• A) \(\langle 41.01,41.01 \rangle\)
• B) \(\langle 44.43,37.28 \rangle\)
• C) \(\langle 0.64,0.7 \rangle \rangle\)
• D) \(\langle 37.28,44.43 \rangle\)

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Definitions:

Unemployment

Unemployment refers to the situation when individuals who are capable of working and are actively seeking work are unable to find employment.

Inflation

A broad upsurge in pricing with a corresponding fall in the worth of money.

Short-run Phillips Curve

A graphical representation showing the inverse relationship between unemployment and inflation rates in the short term.

Inflation Expectations

Inflation expectations are the rate at which people—consumers and investors—expect the general level of prices to change in the future.