What Does the Slope of the Phillips Curve Indicate

question 27

Multiple Choice

What does the slope of the Phillips curve indicate?

• A)that the opportunity cost of decreasing unemployment increases as unemployment decreases
• B)that the opportunity cost of decreasing unemployment decreases as unemployment increases
• C)that the opportunity cost of decreasing inflation decreases as inflation decreases
• D)that the opportunity cost of decreasing inflation or unemployment is constant

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Definitions:

Implicit Forms

Indirect, suggested, or understood without being openly expressed or stated.

Social Support

The perception or reality of being cared for, valued, and part of a supportive social network, which can provide emotional, informational, or practical assistance.

Immune System

The complex network of cells, tissues, and organs that work together to defend the body against attacks by foreign invaders such as bacteria, viruses, and other pathogens.

Pathogens

Microorganisms or agents that are capable of causing disease or illness in their hosts.