The Short-Run Phillips Curve Shows That

question 121

Multiple Choice

The short-run Phillips curve shows that:

• A)the economy can have low inflation and low unemployment simultaneously.
• B)the economy can have high per-capita income and high interest rate simultaneously.
• C)a reduction in per-capita income comes at the expense of lower inflation.
• D)a reduction in unemployment comes at the expense of higher inflation.
• E)a reduction in inflation comes at the expense of lower exchange rate.

---

Definitions:

Bony Labyrinth

A complex system of channels and cavities within the temporal bone of the skull, involved in hearing and balance.

Tympanic Membrane

Also known as the eardrum, this thin membrane vibrates in response to sound waves and transmits these vibrations to the bones of the middle ear.

Cochlea

is a spiral-shaped, fluid-filled inner ear structure responsible for converting sound vibrations into nerve impulses that are interpreted by the brain.

Vestibule

An entryway or chamber that can be the central part of the ear, or an area at the mouth's entrance.