A Basis for the Slope of the Short-Run Phillips Curve

question 187

Multiple Choice

A basis for the slope of the short-run Phillips curve is that when unemployment is high there are

• A)downward pressures on prices and wages.
• B)downward pressures on prices and upward pressures on wages.
• C)upward pressures on prices and downward pressures on wages.
• D)upward pressures on prices and wages.

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Definitions:

Ethnolinguistic Vitality

The likelihood that a language or culture will continue to exist and be maintained by its speakers.

Individual Variables

Individual variables are characteristics or factors specific to a person that can influence their behavior, attitudes, and responses in varied situations.

Institutional Variables

Factors associated with the structure, policies, and culture of organizations and institutions that can influence individuals' behaviors and outcomes.

Demographic Variables

Characteristics of populations, such as age, gender, income, education level, that are used in social science research to categorize and analyze data.