A Long-Run Phillips Curve Has A(n) _____ Slope Because _____

question 65

Multiple Choice

A long-run Phillips curve has a(n) _____ slope because _____.

• A) negative; there is a positive relationship between the output gap and the nonaccelerating inflation rate of unemployment (NAIRU)
• B) infinite; any unemployment rate below the NAIRU leads to ever-accelerating inflation
• C) zero; there is a positive relationship between expected inflation and unemployment
• D) positive; any unemployment rate above the NAIRU leads to ever-accelerating inflation

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Definitions:

Possible Selves

The aspects of oneself that an individual imagines they could become, might become, or are afraid of becoming in the future.

Possible Self

A component of self-concept that represents an individual's ideas of what they might become, what they would like to become, and what they are afraid of becoming.

Afraid Of Becoming

The fear or anxiety about evolving into someone or something that one does not want to be.

Used To Be

A phrase indicating a past condition, situation, or habit that has changed and no longer exists or occurs.