A Decrease in the Level of Cyclical Unemployment Will Shift

question 164

True/False

A decrease in the level of cyclical unemployment will shift the long-run Phillips curve.

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Definitions:

Attribution Retraining

A psychological intervention aimed at changing the way individuals explain the causes of their own and others' behavior, typically from external to more internal, controllable factors.

Good Grade

A high score or mark indicating superior performance or achievement in an academic setting.

Luck

The concept of experiencing positive, negative, or random events that are beyond one's control.

Ability

The possession of the means or skill to do something, often referring to natural aptitudes or acquired competencies.