For This Question,assume That the Phillips Curve Equation Is Represented

question 13

Multiple Choice

For this question,assume that the Phillips curve equation is represented by the following: πt - πt₋₁ = (m + z) - αut.Which of the following will not cause an increase in the natural rate of unemployment?

• A)a reduction in m
• B)a reduction in z
• C)an increase in α
• D)an increase in the expected rate of inflation
• E) all of the above

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Definitions:

Metamotivation

A concept in psychology that refers to higher-level motivations which go beyond basic needs, emphasizing self-actualization and personal growth.

Deprivation Needs

Basic human needs that must be fulfilled to prevent discomfort or harm, such as food, water, and sleep; derived from the concept in Maslow's hierarchy of needs that when these are unmet, individuals are motivated to satisfy them.

Self-Actualization

The actualization or achievement of one's skills and possibilities, seen as a motivation or necessity found in every person.

Lower-Level Needs

Basic physiological and safety needs in Maslow's hierarchy, which must be satisfied before higher-level needs for love, esteem, and self-actualization can be addressed.