The Phillips Curve Will Shift Down with ________ or ________

question 71

Multiple Choice

The Phillips curve will shift down with ________ or ________.

• A) a positive supply shock; an increase in expected inflation
• B) a positive supply shock; a decrease in expected inflation
• C) a negative supply shock; an increase in expected inflation
• D) a negative supply shock; a decrease in expected inflation

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Definitions:

Classical Conditioning

A habituation process where two stimuli are repetitively paired; the reaction, initially triggered by the second stimulus, is at length triggered by the first stimulus alone.

Specific Fears

Specific Fears refer to intense, irrational fears related to specific objects, situations, or activities, which can significantly impact an individual's daily life and well-being.

Little Albert

An early 20th-century experiment by John B. Watson and Rosalie Rayner that demonstrated classical conditioning in humans, specifically showing how a child could be conditioned to fear a white rat.

Debilitating Disorder

A health condition that severely affects one's ability to perform everyday activities.