Considering a Plot of the Inflation Rate and the Unemployment

question 4

Multiple Choice

Considering a plot of the inflation rate and the unemployment rate,one might conjecture that the short run Phillips curve was further to the right in the first part of the 2000s than it was in the last part of the 1990s and 2000.

• A)If so, this might be the result of a negative supply shock or an increase in expected inflation.
• B)Is so, this might be the result of a negative supply shock, or a decrease in expected inflation.
• C)If so, this might have been the result of a positive supply shock, or an increase in expected inflation.
• D)If so, this might have been the result of a positive supply shock, or a decrease in expected inflation.

---

Definitions:

Wrist

The joint connecting the forearm to the hand, consisting of eight small bones and allowing for a wide range of movement.

Compression

The application of pressure to part of the body or a data reduction technique that reduces the size of digital files by removing redundant information.

Skeleton Function

The role performed by the skeletal system, including supporting the body’s structure, protecting organs, and enabling movement.

Temperature Control

the process of monitoring and adjusting temperatures to maintain a desired level, important in various scientific and industrial processes as well as in preserving food.