In a Graph of Unemployment Rates (On the Horizontal Axis)versus

question 249

Multiple Choice

In a graph of unemployment rates (on the horizontal axis) versus inflation rates (on the vertical axis) ,the short-run Phillips Curve is

• A)downward sloping.
• B)horizontal.
• C)vertical.
• D)upward sloping.

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Definitions:

Socialization

The process by which individuals learn and adopt the norms, values, behavior, and social skills appropriate to their society.

Assimilation

The process by which individuals or groups adopt the culture, customs, and attitudes of another group, losing their original identity.

Residentially Mobile

Refers to individuals or populations that frequently relocate from one dwelling place or community to another.

Collectivistic

A social pattern that emphasizes interdependence and the priorities of the group over individual achievements.