Use the Information Below to Answer the Following Questions

question 48

Multiple Choice

Use the information below to answer the following questions.
Fact 28.4.1 Eurozone Unemployment Hits Record High As Inflation Rises Unexpectedly
Eurozone unemployment rose to 10.7 percent. At the same time, Eurozone inflation unexpectedly rose to 2.7 percent a year, up from the previous month's 2.6 percent a year.
Source: Huffington Post, March 1, 2012
-Consider Fact 28.4.1. A very high unemployment rate can be accounted for by the Phillips curve model by all of the following except

• A)a movement down along the short-run Phillips curve if there is no change in the natural unemployment rate.
• B)a rightward shift of the short-run Phillips curve if the natural unemployment rate increases.
• C)a rightward shift of the long-run Phillips curve if the natural unemployment rate increases.
• D)a movement up along the long-run Phillips curve if the natural unemployment rate increases.
• E)All of the above give explanations for a high unemployment rate.

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Definitions:

Academic Achievement

Success in educational settings, often measured by grades, test scores, or the completion of educational goals.

Conventional Moral Reasoning

The second level of Kohlberg’s theory in which moral decisions are based on conforming to social rules.

Preconventional Moral Reasoning

The first level in Kohlberg’s theory of moral development, where behavior is guided by consequences, including rewards and punishments, rather than by societal standards or ethical principles.

Autonomous Morality

Piaget’s second stage of morality in which children have a more flexible view of rules as they begin to value fairness and equality and account for factors like act, intent, and situation.