The Original (1958)Phillips Curve

question 3

Multiple Choice

The original (1958) Phillips curve

• A) showed that stagflation is inevitable.
• B) showed the tradeoff between the use of monetary and fiscal policy.
• C) has never been used as an important economic policy tool.
• D) suggested a tradeoff between wage inflation and the unemployment rate.
• E) none of the above

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Definitions:

Poorest 20%

Refers to the lowest quintile in an income distribution, representing the 20% of the population with the lowest income.

Faith Ringgold

Faith Ringgold is an American artist known for her narrative quilts that address issues of race, gender, and politics in the United States, blending visual art with story-telling.

Artistic Medium

The material or method used by an artist to create artwork, such as oil paint, sculpture, digital media, and more, each offering different possibilities and limitations for expression.

Gender

A range of characteristics of feminity, masculinity, and variations, often distinguished between biological sex and gender identity.