The Economy's Self-Correcting Mechanism

question 169

Multiple Choice

The economy's self-correcting mechanism

• A)tends to push unemployment toward a specific point called the natural rate of unemployment.
• B)works better at correcting inflationary gaps than recessionary gaps.
• C)cannot work if the Phillips curve is vertical.
• D)ensures that the economy will not have to endure a long period of high unemployment.

Apply knowledge of normal distributions to real-world examples involving human characteristics and behaviors.

Understand the relationship between the mean, standard deviation, and shape of the normal distribution curve.

Calculate percentages related to the lower or upper tails of the normal distribution.

Use z-scores to identify outliers within a dataset.

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Definitions:

Conifers

A group of cone-bearing plants that are mostly evergreens and include pines, firs, and spruces.

Sepal

One of the outermost parts of a flower, usually leaflike in appearance, that protects the flower as a bud.

Flower Bud

A flower bud is a small embryonic flower, encased in protective scales, which develops into a mature flower upon growth and favorable conditions.

Protect

To cover or shield from exposure, injury, damage, or destruction.