Which of the Following Is Downward-Sloping

question 55

Multiple Choice

Which of the following is downward-sloping?

• A)both the long-run Phillips curve and the long-run aggregate-supply curve
• B)neither the long-run Phillips curve nor the long-run aggregate-supply curve
• C)the long-run Phillips curve,but not the long-run aggregate-supply curve
• D)the short-run Phillips curve,but not the long-run aggregate-supply curve

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Definitions:

Maturation

Biological growth processes that enable orderly changes in behavior, relatively uninfluenced by experience.

Biological Growth Processes

The series of natural physiological changes and development that occur in living organisms, affecting size, shape, and function.

Maturation

The process of becoming mature; the process of natural growth or development, both physically and mentally.

Cognitive Development

The process by which a person's ability to think, understand, learn, and remember evolves over time.