Policy-Makers in the 1960s Believed That There Was a Structural

question 145

Multiple Choice

Policy-makers in the 1960s believed that there was a structural relationship between unemployment and inflation. This meant that the cost of lower unemployment was a:

• A)permanently higher inflation rate.
• B)permanently lower inflation rate.
• C)temporarily higher inflation rate.
• D)temporarily lower inflation rate.

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Definitions:

Agonist

A chemical or drug that binds to receptors in the brain and activates them to produce a biological response.

Neurotransmitter

Chemical messengers that transmit signals across a chemical synapse from one neuron to another 'target' neuron, muscle cell, or gland cell.

Endogenous

Originating from within an organism, tissue, or cell, used to describe processes or substances that are internally generated.

Naturally Occurring

Referring to substances, phenomena, or processes that exist or happen without human intervention.