The Nonaccelerating Inflation Rate of Unemployment Is the Unemployment Rate

question 43

Multiple Choice

The nonaccelerating inflation rate of unemployment is the unemployment rate associated with ____ inflation and _____ unemployment.

• A) high; high
• B) high; low
• C) low; low
• D) low; high

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Definitions:

Political Realignment

A significant change in political behavior that results in a new set of party alliances, often due to major events or shifts in societal norms.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, marked by high unemployment, steep declines in industrial production, and widespread poverty.

Turbulent 1960s

A period marked by major social and political upheaval in the United States and globally, including civil rights movements, anti-war protests, and significant cultural shifts.

Proportional Representation

An electoral system in which parties gain seats in proportion to the number of votes cast for them.