If the Economy Is Experiencing Lower Levels of Unemployment, the Short-Run

question 19

Multiple Choice

If the economy is experiencing lower levels of unemployment, the short-run Phillips curve suggests that ____ additional employment can be purchased at ____ rates of inflation.

• A)greater; relatively low
• B)​greater; higher
• C)lower; lower​
• D)​No such employment-inflation relationship is suggested by the Phillips curve.

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Definitions:

Retroactive Interference

A psychological phenomenon where newer memories disrupt the recall of older ones.

Anterograde Interference

A cognitive phenomenon where new information interferes with the ability to recall older information.

Consolidation Problems

Difficulties in the process of stabilizing a memory trace after the initial acquisition.

Proactive Interference

The difficulty in learning new information because of the interfering effects of previously learned information.