When Did the First Collection of a Set of Data

question 24

Multiple Choice

When did the first collection of a set of data pertaining to populations occur?

• A)15th century
• B)17th century
• C)19th century
• D)21st century

---

Definitions:

Long-Run Phillips Curve

A visual representation showing the relationship between inflation and unemployment rates, suggesting that in the long run, there is no trade-off between inflation and unemployment.

Money Supply

The sum total of financial assets available in an economy at a certain point in time.

Inflation Rate

The percentage rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling over a specific period.

Fiscal Policies

Government policies related to taxation and spending that aim to influence the overall economy.