During the Early 1980s the Changes That Occurred in Inflation

question 332

Multiple Choice

During the early 1980s the changes that occurred in inflation and unemployment rates

• A)suggest that disinflation can occur only if unemployment increases significantly.
• B)support the notion of a stable Phillips curve.
• C)suggest that both inflation and unemployment can be consistently reduced by dramatically increasing interest rates.

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Definitions:

Natural Selection

Natural selection is a fundamental mechanism of evolution, where organisms better adapted to their environment tend to survive and produce more offspring.

Genetic Dominance

An allele that masks the effect of a recessive allele paired with it, determining the organism's appearance or trait manifestation.

Polygenic Transmission

The process by which multiple genes contribute to the phenotypic expression of a single trait or characteristic in an organism.

Natural Selection

A fundamental mechanism of evolution, where organisms with traits better suited to their environment are more likely to survive and reproduce.