In the Phillips Curve

question 97

Multiple Choice

In the Phillips curve
,
Is:

• A)a temporary demand shock.
• B)a permanent price change.
• C)a temporary price shock.
• D)a temporary unemployment shock.
• E)a structural macroeconomic change.

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Definitions:

Stimulus Motives

Drives that are unlearned and arise from basic biological needs or from the environment, prompting spontaneous activity.

Drive Reduction

A theory positing that behavior is motivated by the desire to reduce internal drives, such as hunger or thirst, to achieve a state of homeostasis.

Hypothalamus

A small but crucial part of the brain responsible for hormonal control, regulation of body temperature, and maintaining homeostasis.

Blood Sugar Level

A measure of the amount of glucose present in the blood, which is a critical aspect of metabolic health and is closely regulated in the human body.