For the Central Bank, Loss Increases as

question 25

Multiple Choice

For the central bank, loss increases as

• A)the output gap increases.
• B)the Phillips curve gets steeper.
• C)inflation gets closer to the inflation target.
• D)the output gap decreases.
• E)the output demand curve becomes less steep.

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Definitions:

Dorothea Dix

A 19th-century American advocate for the mentally ill who spearheaded efforts to create more humane treatment and institutions for those suffering from mental disorders.

Mentally Insane

An outdated and insensitive term previously used to describe individuals with mental health conditions; modern understanding emphasizes mental health and wellness.

Abby Kelley

A prominent 19th-century American abolitionist and advocate for women's rights, known for her radical activism and public speaking.

American Anti-Slavery Society

An abolitionist society founded in 1833 that advocated for the immediate emancipation of all slaves in the United States.