Which of the Following Claims Is Consistent with the Views

question 18

Multiple Choice

Which of the following claims is consistent with the views of mainstream economists?

• A)If we increase the rate of inflation from 3 percent to 6 percent,then the rate of unemployment will temporarily fall.
• B)If we increase the rate of inflation from 3 percent to 6 percent,then the rate of unemployment will temporarily rise.
• C)If we increase the rate of inflation from 3 percent to 6 percent,then the rate of unemployment will permanently fall.
• D)If we increase the rate of inflation from 3 percent to 6 percent,then the rate of unemployment will permanently rise.

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Definitions:

Type A Personality

A personality type that is hardworking, scheduled, and impatient.

Hardworking

Characterized by diligent and resilient effort or exertion towards achieving goals and completing tasks.

Scheduled

Planned or appointed to occur at a specific time or date; organized in advance according to a timetable or agenda.

Type A Personality

A temperament characterized by high levels of competitiveness, self-imposed stress, impatience, and a sense of urgency.