A Phillips Curve Is

question 6

Multiple Choice

A Phillips curve is

• A) the correlation between money growth and the inflation rate.
• B) the negative correlation between the unemployment rate and the vacancy rate.
• C) the positive observed correlation between the inflation rate and the nominal interest rate.
• D) an observed positive correlation between the inflation rate and some measure of aggregate economic activity.

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Definitions:

Universal Grammar

A theory in linguistics proposing that the ability to acquire language is innate to humans and that all human languages share a common underlying structure.

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An influential linguist, philosopher, and cognitive scientist known for his theory of generative grammar and critique of media and politics.

Innate Mental Module

A concept suggesting that the mind contains pre-specified, evolutionarily acquired structures and functions that are the basis for cognitive processes.

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