If the Short-Run Phillips Curve Were Stable, Which of the Following

question 5

Multiple Choice

If the short-run Phillips curve were stable, which of the following would be unusual?

• A)an increase in government spending and a fall in unemployment
• B)an increase in inflation and a decrease in output
• C)a decrease in the inflation rate and a rise in the unemployment rate
• D)a decrease in output and an increase in unemployment

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Definitions:

Social Order

The organized and established system of social norms, values, practices, and hierarchical structures that guide individual and group behavior within a society.

Conflict Theory

A sociological perspective that focuses on the inherent conflicts of interest between different social groups, often revolving around issues of power, resources, and inequality.

Functionalism

A sociological perspective that explains social structures and institutions as components that work together to maintain societal stability and functionality.

Social Control

Mechanisms, strategies, and institutions society employs to persuade individuals to conform to norms and laws.