The Short-Run Phillips Curve Intersects the Long-Run Phillips Curve Where

question 25

Multiple Choice

The short-run Phillips curve intersects the long-run Phillips curve where

• A)the actual rate of inflation equals the expected rate of inflation.
• B)the actual rate of unemployment equals the natural rate of unemployment.
• C)Both A and B are correct.
• D)None of the above is correct.

---

Definitions:

Maslow

Refers to Abraham Maslow, a psychologist known for creating Maslow's hierarchy of needs, a theory in psychology comprising a five-tier model of human needs, from basic physiological needs to self-actualization.

Person-Centered Theory

A therapeutic approach developed by Carl Rogers emphasizing the importance of providing a supportive environment where clients can enhance their self-awareness and self-esteem.

Needs

Fundamental psychological or physiological requirements for the well-being and survival of an individual.

Fulfilled

A state of having achieved or realized one's desires, expectations, or needs.