A Decrease in Expected Inflation Will

question 253

Multiple Choice

A decrease in expected inflation will

• A)reduce real wages.
• B)increase the natural rate of unemployment.
• C)shift the long-run Phillips curve to the left.
• D)shift the short-run Phillips curve to the left.

---

Definitions:

Orgasm

The climax of sexual stimulation, characterized by intense pleasure and release of tension.

Self-Actualization

The motivation to develop one’s full potential as a human being—the highest and most elusive of Maslow’s proposed needs.

Esteem

A social psychological construct representing an individual’s overall subjective emotional evaluation of their own worth.

Belongingness

A human emotional need to be an accepted member of a group, whether it is friends, family, or co-workers.