The Short-Run Phillips Curve Is a Curve That Shows the Relationship

question 75

Multiple Choice

The short-run Phillips curve is a curve that shows the relationship, other things being constant, between ________ and ________.

• A) the inflation rate; the unemployment rate
• B) the unemployment rate; real GDP
• C) potential GDP; the natural unemployment rate
• D) the inflation rate; the expected inflation rate
• E) the inflation rate; the nominal interest rate

---

Definitions:

Material Change Report

A document filed by publicly traded companies to disclose any changes that could be considered important to shareholders or the market.

Insider Trade

Buying or selling a security by someone who has access to material, nonpublic information about the security.

Mining Exploration

The process of searching for minerals or precious metals in the ground through geological research and physical exploration methods.

Gold Find

The discovery of gold, typically in significant quantities, which often prompts mining activities and economic interest in the area.