If Expected Inflation Rises, the Long-Run Phillips Curve Will

question 95

Multiple Choice

If expected inflation rises, the long-run Phillips curve will

• A)shift to the right.
• B)not be affected.
• C)shift to the left.
• D)become negatively sloped.
• E)become steeper.

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Definitions:

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Dissociative Disorders

A group of mental disorders characterized by a disconnection and lack of continuity between thoughts, memories, surroundings, actions, and identity.

Schizophrenia

A chronic and severe mental disorder that affects how a person thinks, feels, and behaves, characterized by delusions, hallucinations, and disordered thinking.