Which of the Following Statements Is True

question 49

Multiple Choice

Which of the following statements is true ?

• A) The Phillips curve has always been stable.
• B) If the Phillips curve shifts outward to the right this illustrates a greater tradeoff between unemployment and inflation.
• C) Keynesian economics assumes a vertical Phillips curve.
• D) According to the natural rate hypothesis the Phillips curve is downward sloping.

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Definitions:

Personality

The combination of characteristics or qualities forming an individual's distinctive character and behavioral patterns.

Unconscious

The part of the mind that is not within thought's immediate reach and that contains desires, wishes, and motivations unknown to the individual.

Preconscious

represents thoughts and feelings that are not immediately in consciousness but can be accessed through attention or stimuli.

Id

In Freudian psychoanalytic theory, the part of the psyche that is the source of instinctual impulses and demands for immediate satisfaction of primitive needs.