Most Economists Today Believe That the Phillips Curve Is

question 83

Multiple Choice

Most economists today believe that the Phillips curve is

• A)vertical in the short run but downward sloping in the long run.
• B)upward sloping in the short run but vertical in the long run.
• C)downward sloping in the short run but vertical in the long run.
• D)vertical in the short run but upward sloping in the long run.

---

Definitions:

Hans Selye

A Hungarian-Canadian endocrinologist who is recognized for his research on the effects of stress on the human body and for developing the concept of the General Adaptation Syndrome.

Chronic Hypertension

A condition where an individual has persistently high blood pressure over a long period, often leading to health complications.

Exhaustion Phase

The final stage of the body's response to prolonged stress, characterized by depleted energy reserves and diminished resistance to illness.

Chronic Stress Phase

A prolonged period of stress without adequate relief, leading to various physical and psychological health issues.