The Phillips Curve Is Named After the Economist A

question 107

Multiple Choice

The Phillips curve is named after the economist A. W. Phillips, who found that there is:

• A) an inverse relationship between the PPI and the budget deficit in the United States.
• B) an inverse relationship between wage rates in Great Britain and the unemployment rate.
• C) an inverse relationship between economic growth and the unemployment rate in Great Britain.
• D) a positive relationship between inflation and the unemployment rate in the United States.
• E) a positive relationship between British national debt and economic downturns.

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Definitions:

Motor Skill Development

The progress of muscle coordination, strength, and movements that enable an individual to perform complex physical tasks.

Socialization

The process through which individuals acquire the norms, values, behaviors, and social skills appropriate to their society.

Agent

An individual or entity authorized to act on behalf of another person or group, usually in a legal or business context, to negotiate and implement actions.

Target

In social influence, the person who is affected by a social influence attempt from the source. In aggression, the person toward whom an aggressive act is directed.