Figure 28-4 -Refer to Figure 28-4. Consider the Shift in the Short-Run

question 176

Multiple Choice

Figure 28-4
-Refer to Figure 28-4. Consider the shift in the short-run Phillips curves shown in the above graph. This shift may be explained by

• A) an increase in the natural rate of unemployment from 5.0 to 6.2 percent.
• B) an increase in the expected rate of inflation from 4.0 to 5.5 percent.
• C) either an increase in the natural rate of unemployment from 5.0 to 6.2 percent or an increase in the expected rate of inflation from 4.0 to 5.5 percent.
• D) None of the above is correct.

---

Definitions:

Genealogical Depth

Refers to the number of generations traced back in a family or kinship group, indicating the extent of ancestral lineage.

Social Organization

The patterning of social relationships and structures within a society or among groups.

Material Structure

The physical and tangible organization or arrangement of objects and elements within a space or within society, often reflecting social or economic patterns.

Apartheid

A policy or system of segregation or discrimination on grounds of race, especially as practiced in South Africa from 1948 to 1994.