If Changes in Inflation Are Higher Than Expected

question 240

Multiple Choice

If changes in inflation are higher than expected

• A)the short-run Phillips curve will be positively sloped,but not vertical.
• B)the short-run Phillips curve will be negatively sloped.
• C)the short-run Phillips curve will be vertical.
• D)the long-run Phillips curve will be negatively sloped.

---

Definitions:

Replacement Model

Hypothesis of the evolution of modern humans from archaic species; also called the out-of-Africa hypothesis.

Cro-Magnon Man

Cro-Magnon Man refers to the early European modern humans of the Upper Paleolithic period, known for their distinct skeletal features and association with early human art and tools.

Advanced Tools

Advanced tools refer to sophisticated equipment, software, or instruments used in various fields to perform tasks more efficiently, accurately, or innovatively.

Homo Habilis

An extinct species of early humans that lived approximately 2.1 to 1.5 million years ago, known for using stone tools.