Why Did (And Do) City Newcomers Typically Gravitate Toward Ethnic

question 97

Multiple Choice

Why did (and do) city newcomers typically gravitate toward ethnic enclaves?

• A) They faced ethnic bias.
• B) They faced housing segregation.
• C) They faced economic discrimination.
• D) They sought support and cohesion.

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Definitions:

Short-Run Phillips Curve

Describes the inverse relationship between the rate of inflation and the unemployment rate over a short period.

Rational Expectations

The theory that people optimally use all the information they have, including information about government policies, when forecasting the future.

Sacrifice Ratio

A measure of the economic cost associated with reducing inflation, often calculated as the percentage loss in output per percentage point decrease in inflation.

Inflation Expectations

The anticipation by consumers and businesses of the rate at which prices will rise in the future.