The Phillips Curve Shifted During the 1970s Primarily Because of

question 64

Multiple Choice

The Phillips curve shifted during the 1970s primarily because of

• A)the two large oil price shocks.
• B)the changing demographics of the population.
• C)tight monetary policy.
• D)easy fiscal policy.

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Definitions:

Win-Lose Situations

Scenarios where one party's gain results directly from another's loss.

Lose-Lose Situations

Scenarios in which all parties involved suffer a negative outcome or fail to achieve their objectives, often resulting from poor negotiation or conflict resolution.

Attending Skills

Essential communication skills in counseling and therapy that include listening, observing, and showing empathy to clients.

Warmth

The quality of conveying kindness, friendliness, and genuine care in interpersonal interactions.