Along a Short-Run Phillips Curve, the

question 77

Multiple Choice

Along a short-run Phillips curve, the

• A) short-run cost of lower unemployment is higher inflation.
• B) short-run benefit of lower unemployment is lower inflation.
• C) short-run cost of lower inflation is higher interest rates.
• D) long-run cost of lower inflation is higher unemployment.
• E) short-run cost of higher inflation is a higher real interest rate.

---

Definitions:

Carbohydrate

Organic compounds, including sugars, starches, and cellulose, which serve as a major energy source for the body.

Lipid

A broad group of naturally occurring molecules including fats, oils, waxes, and certain vitamins, essential for energy storage and cell structure.

Nucleic Acid

Biomolecules essential to all known forms of life, including DNA and RNA, that carry genetic information necessary for growth, development, functioning, and reproduction.

Protein

Large biomolecules composed of amino acids, essential for various functions within organisms, including structural roles, enzymes, and cell signaling.