In the 1960s,the Phillips Curve Was ________

question 18

Multiple Choice

In the 1960s,the Phillips curve was ________.

• A)a very popular explanation for inflation fluctuations
• B)consistent with a clear negative relationship between inflation and unemployment
• C)suggestive of a permanent trade off between inflation and unemployment
• D)all of the above
• E)none of the above

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Definitions:

Actual Behaviour

The observed actions or reactions of an individual in a given situation, as opposed to intended or theoretical behavior.

Theory of Reasoned Action

A psychological theory that explains an individual's behavior based on their intention to perform the behavior, which is influenced by their attitudes and subjective norms.

Predicting Behaviour

The process of forecasting individuals' future actions based on past and current behavior patterns, often used in psychology and marketing.

Original Fishbein Model

A psychological model developed by Martin Fishbein in the 1960s, used to predict behaviors based on an individual's attitudes towards the behavior and subjective norms.