On the Modern Phillips Curve,the Beginning of a Recession Is

question 70

Multiple Choice

On the modern Phillips curve,the beginning of a recession is shown by ________.

• A)an upward movement along the Phillips curve to a higher inflation rate
• B)an upward shift of the Phillips curve leading to higher inflation rates for any unemployment rate
• C)a downward shift of the Phillips curve leading to lower inflation rates for any unemployment rate
• D)a downward movement along the Phillips curve to higher unemployment rates
• E)none of the above

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Definitions:

Indirect Pay

Compensation that includes benefits provided by the employer but are not directly paid out as cash, such as health insurance and retirement plans.

Supplemental Medical Coverage

Additional health insurance that covers costs not covered by a primary insurance plan, including copayments, deductibles, and non-covered services.

Market Pricing

The process of determining the value of a job in the external job market by comparing it with similar jobs in other organizations.

Equity

Fair treatment and distribution of resources, or in finance, the value of an ownership interest in property, including shareholders' equity in a corporation.