Whats the Appropriate Year of the Event

question 113

Short Answer

whats the appropriate year of the event?
-Contamination of New York's Hudson River with PCBs was traced to two General Electric Company capacitor plants that had been discharging large volumes of PCBs into the river for more than 25 years.

---

Definitions:

Inflation

The rate at which the wholesale price levels for goods and services ascend, diminishing economic purchasing strength.

Unemployment

The situation when individuals who are capable of working and willing to work are unable to find employment.

Long-run Phillips Curve

An economic concept stating that in the long run, there is no trade-off between inflation and unemployment; the curve is vertical at the natural rate of unemployment.

Inflation

How rapidly the across-the-board prices of goods and services increase, impairing fiscal buying ability.