In the Decade of the ________,A

question 46

Multiple Choice

In the decade of the ________,A.W.Phillips plotted data for Great Britain which revealed a relationship between rates of changes in wages versus unemployment rates.Economists later discovered other "Phillips Curve" relationships between rates of inflation versus unemployment rates.

• A)1930s
• B)1940s
• C)1950s
• D)1960s

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Definitions:

Covenants

Legally enforceable agreements or promises within a deed or contract, often related to the use of land or property.

Standard of Living

A level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.