Which of the Following Best Explains the Phillips Curve Relationship

question 10

Multiple Choice

Which of the following best explains the Phillips curve relationship?

• A)Inflation increases at a faster rate as the economy moves toward full employment.
• B)Unemployment falls as the economy moves toward full employment.
• C)Inflation decreases as the economy moves closer to full employment.
• D)As unemployment decreases,so does the rate of inflation.

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Definitions:

Defense Mechanism

Psychological strategies unconsciously used to protect a person from anxiety arising from unacceptable thoughts or feelings.

Repression

A defense mechanism where unpleasant thoughts, memories, or desires are kept out of conscious awareness.

Oedipus Complex

A psychoanalytic theory introduced by Sigmund Freud, which suggests that a child has unconscious sexual desires for their opposite-sex parent and hostility toward the same-sex parent.

Conscience

An inner feeling or voice viewed as acting as a guide to the rightness or wrongness of one's behavior.