The Phillips Curve Is Steeper at Higher Rates of Inflation

question 83

True/False

The Phillips Curve is steeper at higher rates of inflation and lower levels of unemployment.

---

Definitions:

Little Albert

A landmark experiment in psychology conducted by John B. Watson which demonstrated that emotional reactions could be classically conditioned in humans.

Vicarious Conditioning

Learning that occurs by observing the reactions of others to an environment, rather than through direct experience or participation.

Emotional Responses

The reactions, both physiological and psychological, of an individual to external or internal stimuli.

Stimulus Generalization

The tendency to respond to stimuli that are similar, but not identical, to a conditioned stimulus in the process of learning.