Which of the Following Is Upward-Sloping

question 53

Multiple Choice

Which of the following is upward-sloping?

• A)both the long-run and the short-run Phillips curve
• B)neither the long-run nor the short-run Phillips curve
• C)the long-run Phillips curve,but not the short-run Phillips curve
• D)the short-run Phillips curve,but not the long-run Phillips curve

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Definitions:

African Captives

Individuals from Africa who were forcibly taken from their homeland and sold into slavery, predominantly between the 16th and 19th centuries.

18th Century

The period ranging from January 1, 1701, to December 31, 1800, in accordance with the Gregorian calendar, marked by significant developments in various fields like science, politics, and art.

Open-Class Societies

Societies characterized by the opportunity for social mobility and the ability for individuals to change their socio-economic status.

Mobility

The ability to move or be moved freely and easily, whether referring to physical movement of individuals or social mobility within hierarchical structures.