What Does a Vertical Phillips Curve in the Long Run

question 82

Multiple Choice

What does a vertical Phillips curve in the long run imply?

• A)​In the long run, the rate of unemployment will converge toward zero.
• B)​Higher inflation does not permanently reduce the rate of unemployment.
• C)​Higher inflation increases the rate of unemployment.
• D)​Higher inflation lowers the rate of unemployment.

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Definitions:

Genocide

The deliberate killing of a large group of people, especially those of a particular ethnic group or nation, with the intent to destroy that group.

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External Restraint Theory

A theory suggesting that external societal rules and norms prevent individuals from engaging in deviant or criminal behavior.

Subcultures Of Violence

Groups within a society that hold values and norms that accept, promote, or glorify violent behavior.