When Your Classmate Says,"I Never Thought I'd Say This,but I

question 103

Multiple Choice

When your classmate says,"I never thought I'd say this,but I really enjoyed taking that psychology exam," which property of language does his statement best illustrate

• A) Language is structured.
• B) Language is practical. 
• C) Language is generative.
• D) Language is symbolic.

---

Definitions:

Long-Run Phillips

An economic concept suggesting that there is no long-term trade-off between inflation and unemployment, contrary to the short-run Phillips curve.

Monetary Neutrality

The concept that changes in the money supply only affect nominal variables, like prices, not real variables like output or employment in the long term.

Classical Dichotomy

The theoretical separation of nominal and real variables

Short-Run Phillips

A theoretical framework that implies a short-term inverse correlation between inflation rates and unemployment levels.