If the Phillips Curve Was Nearly Horizontal, A

question 146

Multiple Choice

If the Phillips curve was nearly horizontal, a:

• A)​substantial increase in inflation would be caused by a decrease in unemployment.
• B)​substantial decrease in inflation would be caused by a decrease in unemployment.
• C)​substantial decrease in unemployment could be achieved with only a small increase in inflation.
• D)​substantial increase in unemployment could be achieved with only a small increase in inflation.

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Definitions:

Needs-Based Programming

A programming approach focused on identifying and addressing the specific needs of a target population to achieve desired outcomes effectively.

Traditionalists

Individuals or groups who adhere to long-established customs, beliefs, or practices, often resisting change.

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The demographic group born during the post-World War II baby boom, approximately between the years 1946 and 1964.

Generation X

Refers to the cohort of people born approximately between 1965 and 1980, known for their bridge between the baby boomers and millennials.