If Actual Real GDP (Q)is Permanently Greater Than Natural Real

question 36

Multiple Choice

If actual real GDP (Q) is permanently greater than natural real GDP (YN) ,

• A)the economy is off its short-run Phillips Curve.
• B)the actual rate of inflation must be less than the expected rate.
• C)the economy is on its long-run Phillips Curve.
• D)there must be a continuous acceleration of inflation.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.