The Phillips Curve Shows

question 116

Multiple Choice

The Phillips curve shows

• A)A historical (inverse)relationship between the rate of unemployment and the rate of inflation.
• B)A historical (direct)relationship between the rate of unemployment and the rate of inflation.
• C)A historical (inverse)relationship between the rate of unemployment and the rate of growth of real GDP.
• D)A historical (direct)relationship between the rate of unemployment and the rate of growth of real GDP.

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Definitions:

Genetic Traits

Attributes, characteristics, or conditions that are passed from parents to offspring through genes.

Single Gene

Refers to a trait or condition that is determined by the instructions found in one gene, illustrating a simple form of genetic inheritance.

Heritable

Traits or characteristics that can be passed from one generation to the next through genetic inheritance.

Basket-Weaving

The craft or activity of making baskets by hand, often involving the weaving of materials like reeds, straw, or other fibrous materials.