In 2010, Dissenters Were Worried That the Effects of Policies

question 173

Multiple Choice

In 2010, dissenters were worried that the effects of policies to reduce unemployment would create the conditions for

• A)higher long-term inflation.
• B)a more horizontal Phillips curve.
• C)higher long-term unemployment.
• D)larger budget surpluses and, thus, higher interest rates.

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Definitions:

Categorical Syllogism

A form of deductive reasoning consisting of three propositions: a major premise, a minor premise, and a conclusion, where each proposition involves a classification of things.

Middle Term

In syllogistic logic, it is the term that appears in both premises of a categorical syllogism but not in the conclusion, serving as a bridge between the major and minor terms.

Premises

Statements or reasons offered in support of a conclusion in an argument, serving as the foundation for the logical structure.

Major Term

In a syllogism, the predicate of the conclusion that appears in one of the premises.