If Unemployment and Inflation Always Move in the Same Direction

question 217

Multiple Choice

If unemployment and inflation always move in the same direction, then we can infer that business fluctuations are

• A)from the demand side.
• B)from the supply side.
• C)from both the demand and supply side.
• D)purely random events.

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Definitions:

Cognitive Development

The process by which individuals acquire and understand knowledge through thought, experience, and the senses, a fundamental part of human growth.

Jean Piaget

A Swiss psychologist known for his pioneering work in child development and for his theory of cognitive development in children.

Information-Processing

An approach in cognitive psychology that likens the human mind to a computer, primarily concerned with how people acquire, store, and process information.

Computers

Electronic devices that can store, retrieve, and process data, used for a wide range of personal and professional applications.