Along a Phillips Curve

question 37

Multiple Choice

Along a Phillips curve:

• A) consumption depends on prices.
• B) the inflation rate varies inversely with the unemployment rate.
• C) the inflation rate varies directly with the unemployment rate.
• D) prices and tax rates are directly related.

---

Definitions:

Approach-avoidance conflict

A psychological dilemma experienced when a single goal or event has both attractive and repulsive aspects, causing both a desire to approach and an urge to avoid.

Entrance scholarship

An entrance scholarship is a financial award provided to students upon entering a college or university, usually based on academic merit or other criteria.

B+ average

A grade point average that typically ranges between 3.3 to 3.6 out of 4.0, indicating above-average academic performance.

Cognitive appraisal

The process of interpreting and evaluating what is happening in the environment in relation to oneself.