Most Economists Today Believe That the Phillips Curve Is

question 83

Multiple Choice

Most economists today believe that the Phillips curve is

• A)vertical in the short run but downward sloping in the long run.
• B)upward sloping in the short run but vertical in the long run.
• C)downward sloping in the short run but vertical in the long run.
• D)vertical in the short run but upward sloping in the long run.

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Definitions:

Transmission

The act or process of transmitting something, such as electrical signals, diseases, or genetic information, from one place or organism to another.

Charcot

Refers to Jean-Martin Charcot, a French neurologist known for his work on neurological disorders and for whom several medical conditions are named.

Breuer

Josef Breuer was an Austrian physician and physiologist who played a key role in the early development of psychoanalysis alongside Sigmund Freud.

Mesmer

A historical figure known for his work in the development of theories around animal magnetism, which later influenced the practice of hypnotism.