The Phillips Curve Tradeoff Implies

question 297

Multiple Choice

The Phillips curve tradeoff implies

• A)that if the curve is stable,society must accept increases in inflation in exchange for decreases in unemployment.
• B)that if the curve is unstable,society must accept increases in inflation in exchange for decreases in unemployment.
• C)that if the curve is stable,society must accept increases in inflation in exchange for increases in unemployment.
• D)that if the curve is unstable,society must accept falling unemployment when inflation falls.

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Definitions:

Self-Talk

The internal dialogue that goes on within a person’s mind, which can influence feelings and behavior.

Visualization

Technique of imagining that you are performing a particular task in a certain way; positive visualization can enhance self-esteem.

Avoiding Comparisons

A strategy to maintain self-esteem and happiness by not measuring one's accomplishments or life situation against others.

Johari Window

A model used to enhance the understanding of oneself and relationships, illustrating what is known by the person, others, both, or neither.