The Phillips Curve Depends on All of the Following Forces

question 99

Multiple Choice

The Phillips curve depends on all of the following forces except:

• A) the current exchange rate.
• B) expected inflation.
• C) the deviation of unemployment from its natural rate.
• D) supply shocks.

---

Definitions:

Biological Fact

A statement or principle that is empirically verifiable based on biological research and knowledge.

Ethnicity

A social construct that categorizes individuals based on common cultural characteristics such as language, religion, and customs.

Colonialist

Pertaining to or characteristic of colonialism, involving the practice of acquiring full or partial political control over another country, occupying it with settlers, and exploiting it economically.

Collective Consciousness

A fundamental sociological concept referring to the set of shared beliefs, ideas, and moral attitudes that operate as a unifying force within society, emphasizing a common social bond.