During the Mid and Last Part of the 1990's Both

question 79

Multiple Choice

During the mid and last part of the 1990's both inflation and unemployment were low.In general this could have been the result of

• A)adverse supply shocks that shifted the short-run Phillips curve left.
• B)adverse supply shocks that shifted the short-run Phillips curve right.
• C)favorable supply shocks that shifted the short-run Phillips curve left.
• D)favorable supply shocks that shifted the short-run Phillips curve right.

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Definitions:

Class Consciousness

The awareness of one's social class and its implications, often leading to collective action or social change.

False Consciousness

A concept in Marxist theory referring to the misperception of one's actual social or economic position within society.

Verstehen

A German term used in sociology, meaning "understanding" or "insight"; it refers to deep comprehension of social actions from the actor's perspective.

Worker Revolution

A radical overhaul of a society's class structure, typically envisaged by the overthrow of capitalist systems by the working class.