If the Inflation Rate Is Decreasing While Unemployment Is Decreasing

question 4

Multiple Choice

If the inflation rate is decreasing while unemployment is decreasing:

• A)​the short-run Phillips curve must have shifted right.
• B)​the short-run Phillips curve must have shifted left.
• C)​it involved a movement along the short-run Phillips curve.
• D)​it would be inconsistent with any possible Phillips curve scenario.

---

Definitions:

Timbre

Timbre is the quality of a sound that distinguishes different types of sound production, such as voices or musical instruments, even when they have the same pitch and loudness.

Subliminal Perception

The process by which information is processed by the brain without conscious awareness.

Subliminal Messages

Messages that are presented below the threshold of conscious awareness, which are said to influence behavior or decision-making.

Perceptual Constancy

The psychological phenomenon by which our perception of objects remains relatively constant despite changes in viewing conditions, such as lighting or angle.