-Consider Figure 12.9,which Shows Short-Run Output Fluctuations

question 29

Multiple Choice

-Consider Figure 12.9,which shows short-run output fluctuations
From 1990.1 to 2000.4,by quarter.If this is all the information you have,during the period 1997.1-1999.4,from the Phillips curve,you would conclude that:

• A)inflation is accelerating, .
• B)inflation is decelerating, .
• C)unemployment is falling.
• D)unemployment is rising.
• E)Not enough information is given.

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Definitions:

Ethnicity

A social group that shares a common and distinctive culture, religion, language, or the like.

Abnormal Behavior

Patterns of emotion, thought, or action deemed pathological for one of several reasons, including statistical rarity, violation of norms, or personal distress.

Operant Conditioning

A form of associative learning in which the consequences of a behavior change the probability of the behavior’s occurrence.

Organic Causes

refers to physical or biological factors that lead to medical conditions, as opposed to psychological or environmental factors.