In the United States During the Late 1960s, the Unemployment

question 54

Multiple Choice

In the United States during the late 1960s, the unemployment rate fell from previous years, and the inflation rate began to rise from previous years.This set of events is best described by saying that the

• A) economy moved to a lower point on its short-run Phillips curve but the short-run Phillips curve did not shift.
• B) short-run Phillips curve shifted upward.
• C) short-run Phillips curve shifted downward.
• D) economy moved to a higher point on its short-run Phillips curve but the short-run Phillips curve did not shift.
• E) long-run Phillips curve became negatively sloped.

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Definitions:

Choroid

A vascular layer of the eye between the retina and the sclera, providing oxygen and nourishment to the outer layers of the retina.

Lens

A transparent structure in the eye that focuses light onto the retina to produce clear images.

Vitreous Humor

A transparent, gel-like substance filling the space between the lens and the retina of the eye, helping it maintain shape and optical properties.

Cornea

The clear, dome-shaped surface that covers the front of the eye and contributes to the eye's focusing power.