Blacks Have Been Overrepresented in Prisons Since What Period

question 34

Multiple Choice

Blacks have been overrepresented in prisons since what period?

• A) 1700s
• B) 1800s
• C) 1900s
• D) 2000s

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Definitions:

Long-run Phillips Curve

A graphical representation showing the relationship between inflation and unemployment when inflation expectations are fully adjusted to actual inflation.

Natural Rate

The long-term unemployment rate that is observed once the effect of short-term cyclical factors has been removed, considered to be the rate of unemployment consistent with a stable rate of inflation.

Short-run Phillips Curve

A curve illustrating the inverse relationship between the rate of inflation and the rate of unemployment in an economy for a short-term period.

Expected Inflation

The rate at which consumers, businesses, and investors expect prices to rise over a future period.