According to the Phillips Curve Presented in the Text, a Positive

question 93

Multiple Choice

According to the Phillips curve presented in the text, a positive macroeconomic shock:

• A) increases the rate of inflation.
• B) decreases the rate of inflation.
• C) has no effect on the rate of inflation.
• D) has a negative effect on the unemployment rate.
• E) has a positive effect on the unemployment rate.

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Definitions:

Rehearsal

A cognitive process involving the repeated review or practice of information to aid in its retention and recall.

Spacing Effect

The tendency for distributed study or practice to yield better long-term retention than is achieved through massed study or practice.

Vocabulary Tests

Assessments designed to measure an individual's knowledge and comprehension of words and their meanings.

Crams

Intense study sessions or last-minute study attempts to memorize a large amount of information in a short period.