Consider the Short-Run Phillips Curve Based on Canadian Economic Data

question 129

Multiple Choice

Consider the short-run Phillips curve based on Canadian economic data.What happened to this curve after the 1960s?  

• A) It began shifting inward. 
• B) It began shifting outward. 
• C) It became virtually horizontal. 
• D) It became virtually vertical.

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Definitions:

Genes

The basic units of heredity in living organisms, made up of DNA, that carry instructions for the development, functioning, growth, and reproduction of all known living organisms.

Homozygous

A genetic condition where an individual has two identical alleles for a particular gene or trait.

Heterozygous

Having two different alleles of a particular gene, one inherited from each parent.

Sex Chromosomes

Chromosomes involved in determining the sex of an organism, with human males typically having one X and one Y chromosome, and females having two X chromosomes.