If the Expected Rate of Inflation Rose at the Same

question 70

Multiple Choice

If the expected rate of inflation rose at the same time the natural rate of unemployment rose,the Phillips curve

• A)would shift down.
• B)would shift up.
• C)would not move.
• D)might shift up or down or not move,depending on which effect was larger.

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Definitions:

Neurons

Specialized cells that transmit nerve impulses; the fundamental units of the brain and nervous system.

Neural Impulse

A Neural Impulse, also known as an action potential, is an electrical signal that travels along the axon of a neuron, transmitting information.

Synapse

A Synapse is the junction across which a nerve impulse passes from an axon terminal to a neuron, muscle cell, or gland.

Electrical

Pertaining to electricity, a form of energy resulting from the existence of charged particles such as electrons or protons.