The Phillips Curve from the 1960s Suggested to the Policy

question 10

Multiple Choice

The Phillips curve from the 1960s suggested to the policy makers of the time that they could lower ________ by using policies that would ________ inflation.

• A)aggregate output; lower
• B)aggregate output; higher
• C)unemployment; lower
• D)unemployment; higher

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Definitions:

Awake But Relaxed State

A state of consciousness characterized by being alert yet physically and mentally relaxed, often associated with meditation or light hypnosis.

Suprachiasmatic Nucleus

A tiny region in the brain's hypothalamus responsible for controlling circadian rhythms, or the body's internal clock.

Retinal Proteins

Molecules within the retina that are essential for the conversion of light into visual signals.

Circadian Rhythm

The natural, internal process that regulates the sleep-wake cycle and repeats roughly every 24 hours.