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Figure 13.2 Alt text for Figure 13.2: In figure 13.2, a graph shows the short-run and long-run Phillips curves.
Long description for Figure 13.2: The x-axis is labelled, unemployment rate (percent) .The y-axis is labelled, inflation rate (percent per year) .3 points; A (5, 3) , B (3.8%, 5.5%) , C (6, 1) are plotted on the graph.The points are connected to their respective coordinates on the x and y-axes with dotted lines.A straight line labelled, short-run Philips Curve, begins at the top left corner and slopes down to the bottom center, and passes through points A, B, and C.A straight line labelled, long-run Philips Curve, is perpendicular to the x-axis, begins from the x-axis value 5,and intersects the Short-run Philips Curve at point A.
-Refer to Figure 13.2.Suppose the economy is at point B.If the Bank of Canada increases the money supply so that inflation increases, the economy will ________ in the short run, holding all else constant.
Medulla Oblongata
A portion of the brainstem responsible for autonomic functions such as breathing, heart rate, and blood pressure control.
Midbrain
A part of the brainstem involved in functions such as vision, hearing, motor control, sleep/wake, arousal (alertness), and temperature regulation.
Diencephalon
A part of the brain containing elements including the thalamus and hypothalamus, responsible for sensory processes and involuntary bodily operations.
Flocculonodular Lobe
The flocculonodular lobe is a region of the cerebellum involved in balance and eye movements.
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