Which of the Following Is Downward-Sloping

question 83

Multiple Choice

Which of the following is downward-sloping?

• A)both the long-run Phillips curve and the short-run Phillips curve
• B)neither the long-run Phillips curve 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:

Proportional

A relationship or ratio between two quantities where one is directly proportional to the other.

Communications Network

A system of interconnected computers, telephones, or other devices that allow for the exchange of data and information.

Willingness to Pay

The maximum amount an individual is prepared to spend to acquire a good or service or to avoid something undesirable.

Proportional

Relating to or denoting a relationship between two quantities where their ratio remains constant.