(Figure: Understanding Phillips Curves) What Is the Natural Rate of Unemployment

question 270

Multiple Choice

(Figure: Understanding Phillips Curves) What is the natural rate of unemployment associated with Phillips curve PC_b?

• A) zero
• B) 3%
• C) 4%
• D) 5%

---

Definitions:

Processes of Change

Steps or activities that individuals go through to alter behaviors, attitudes, or aspects of their lives.

Transtheoretical Model

A theory outlining stages of change in behavior, used to understand and guide individuals through the process of making a health-related change.

Transtheoretical Model

A theory of behavior change that describes the process of intentional change through distinct stages.

Stages of Change

A psychological model that outlines an individual's journey towards changing behavior, typically presented in five or six stages including precontemplation, contemplation, preparation, action, maintenance, and sometimes relapse.