The Short-Run Phillips Curve Assumes an Unchanging

question 102

Multiple Choice

The short-run Phillips Curve assumes an unchanging

• A) actual rate of inflation.
• B) expected rate of inflation.
• C) unemployment rate.
• D) fiscal or monetary policy.

---

Definitions:

Rep Test

The Repertory Grid Technique, a tool for exploring the ways individuals classify and interpret their world, often used in personal construct psychology.

Precarious Assumptions

Risky or uncertain beliefs that are accepted without solid evidence or secure foundations.

Constructs Listed

The specified elements or variables within a study or theory that have been identified for analysis or measurement.

Cognitive Approach

A psychological perspective that emphasizes the role of mental processes in how people perceive, remember, think, and solve problems.