Which of the Following Statements About the Phillips Curve Is

question 141

Multiple Choice

Which of the following statements about the Phillips curve is not true?

• A)It bears its name because of A.W.Phillips, a British economist who first showed that such a correlation existed.
• B)It was originally shown to exist in British data from 1861 to 1957.
• C)The Phillips curve was used in the 1960s and 1970s to justify a monetary policy that included higher inflation.
• D)It reflects a negative correlation between the unemployment rate and the inflation rate.
• E)All of these are true.

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Definitions:

Deontology Approach

A moral philosophy that stresses the importance of duty and the morality of actions, irrespective of the outcomes.

Outcomes Of Actions

The results or consequences that follow from specific actions or decisions made by individuals or organizations.

Pleasing Others

The act of making an effort to satisfy or meet the expectations of other people, often prioritizing their happiness or approval.

Winning Approval

The process of gaining acceptance or endorsement from stakeholders, authorities, or specific groups, often in the context of business initiatives or projects.