The Short-Run Phillips Curve

question 34

Multiple Choice

The short-run Phillips curve:

• A) shifts upward if expected inflation increases.
• B) shifts upward if expected inflation decreases.
• C) shifts downward if expected inflation increases.
• D) is vertical.

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Definitions:

Innately Attracted

A natural or instinctive tendency to feel drawn or connected to something or someone.

Coolidge Effect

The Coolidge effect is a phenomenon seen in animals, whereby males exhibit renewed sexual interest if introduced to new receptive females, despite having declined interest with prior mates.

Bruce Effect

describes the phenomenon in certain animals where a pregnant female will abort or reabsorb the fetus if exposed to a new male, thought to be an adaptive reproductive strategy.

Sexual Attractiveness

The qualities or characteristics that make an individual appealing or desirable to potential sexual or romantic partners.