Which of the Following Is a True Statement

question 19

Multiple Choice

Which of the following is a true statement?

• A) There is a long-run trade-off between inflation and unemployment.
• B) There is no trade-off between inflation and unemployment in the short-run.
• C) The short-run Phillips Curve is horizontal.
• D) The long-run Phillips Curve is vertical.

---

Definitions:

Correlation Coefficient

A measure of correlation that ranges in value from –1.00 to +1.00.

Meta-Analysis

A set of techniques for combining data from a number of related studies to determine the explanatory strength of a particular independent variable.

Bayesian Statistic

A statistical method that applies probability to statistical problems, focusing on the degree of belief (or subjective probability) as the basis for making statistical inferences.

Correlation Coefficient

A statistical measure that calculates the strength of the relationship between the relative movements of two variables.