Use the Table Below to Answer the Following Questions

question 9

Multiple Choice

Use the table below to answer the following questions.
Table 28.4.1

-Refer to Table 28.4.1. The table gives points on the short-run Phillips curve for the country of Ruritania. If the expected inflation rate is 10 percent, and the inflation rate unexpectedly falls to 8 percent, what is the unemployment rate?

• A)4 percent
• B)5 percent
• C)6 percent
• D)7 percent
• E)8 percent

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Definitions:

Law of Effect

A principle in psychology that states behaviors followed by positive outcomes are likely to be repeated, while those followed by negative outcomes are less likely to be repeated.

Pleasurable Consequence

A positive outcome or reward that follows a behavior, increasing the likelihood of the behavior being repeated.

Positively Reinforced

A process in behavioral psychology whereby a behavior is encouraged by rewards, leading to an increase in the likelihood of its recurrence.

Anxiety

A feeling of worry, nervousness, or unease typically about an imminent event or something with an uncertain outcome.