In the Long Run,the Phillips Curve Is a ________ at ________

question 150

Multiple Choice

In the long run,the Phillips curve is a ________ at ________.

• A)horizontal line; 0% inflation
• B)negatively sloped line; the intersection of aggregate demand and short-run aggregate supply
• C)vertical line; the natural rate of unemployment
• D)vertical line; the expected rate of inflation

Understand the concept of the reward for bearing risk and how to calculate it.

Learn how to calculate dividend yield on a stock.

Grasp the concept of real rate of return and how to calculate it.

Understand the distribution of stock returns and how to use it in calculations.

---

Definitions:

Social Circles

The groups of people with whom an individual regularly interacts and shares a sense of community.

Socioemotional Selectivity Theory

Theory, proposed by Carstensen, that people select social contacts on the basis of the changing relative importance of social interaction as a source of information, as an aid in developing and maintaining a self-concept, and as a source of emotional well-being.

Psychological Function

A generic term for processes related to the mind, such as thinking, perceiving, feeling, and behaving, that enable individuals to navigate and interpret the world.

Gerontologist

A professional who specializes in the study of aging and the physical, mental, and social aspects associated with it.