Each Question Below Is an Entry for a References Page

question 33

Multiple Choice

Each question below is an entry for a References page. Select "Correct" if the entry is correctly formatted according to APA guidelines or "Incorrect" if the entry is not correctly formatted. Goode, E. (2012, June 6) . Average prison stay grew 36 percent in two decades. New York Times.  Retrieved from
Http://www.nytimes.com/2012/06/06/us/average-prison-stay-grew-36-percent-in-two-decades.html

• A) Correct
• B) Incorrect

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Definitions:

Expected Inflation

The projection of the rate at which prices of goods and services will rise over a specific period in the future.

Expected Inflation

The rate at which the general level of prices for goods and services is expected to rise.

Short-run Phillips Curve

A graphical representation that shows the inverse relationship between the rate of unemployment and the rate of inflation in an economy over the short term.

Long-run Phillips Curve

A concept in economics indicating that in the long term, there is no trade-off between inflation and unemployment, represented as a vertical line at the natural rate of unemployment.