If the Short-Run Phillips Curve Has a Very Flat Slope

question 44

Multiple Choice

If the short-run Phillips curve has a very flat slope, the

• A)structural deficit will grow during inflation.
• B)structural deficit will fall during recession.
• C)inflation costs of reducing unemployment are relatively low.
• D)inflation costs of reducing unemployment are relatively high.

---

Definitions:

Y

Often used to denote the dependent variable or the output value in a function, commonly represented on the vertical axis in a Cartesian coordinate system.

Positive Exponents

Powers of a number that signify how many times the number is multiplied by itself.

Expression

A combination of symbols that represents a quantity or a relationship between quantities, without an equality sign unlike an equation.

Rules Of Exponents

Mathematical guidelines for performing operations involving powers, including multiplication, division, and raising powers to powers.