Current Thinking on the Phillips Curve Suggests That It Would

question 83

Multiple Choice

Current thinking on the Phillips curve suggests that it would be best for policy makers to:

• A)focus on controlling unemployment.
• B)stimulate permanent shifts in aggregate supply.
• C)focus on controlling inflation.
• D)stimulate permanent shifts in aggregate demand.
• E)develop a two-pronged policy to control both unemployment and inflation.

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Definitions:

Genetic Predisposition

An inherited genetic pattern that makes one susceptible to developing certain diseases or traits.

Psychological Factors

Elements of a person's psychological state, such as emotions, attitudes, and motivations, that can influence their behavior and mental well-being.

Teenage Pregnancies

Situations where girls become pregnant during their teenage years, often presenting various social, economic, and health challenges.

Ethnic Groups

Populations that share common cultural traits, ancestry, language, history, and often, geographic origins.