Figure 28-7 -Refer to Figure 28-7. Consider the Phillips Curves Depicted in Curves

question 153

Multiple Choice

Figure 28-7
-Refer to Figure 28-7. Consider the Phillips curves depicted in the graph above. The Fed announces its intention to decrease inflation from 10 percent to 5 percent per year, and it succeeds. If expectations of inflation are reduced to 8 percent by the Fed's announcement, the rate of unemployment will be ________ in the short run.

• A) less than 5.5 percent
• B) 5.5 percent
• C) between 5.5 and 7.5 percent
• D) 7.5 percent

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Definitions:

External Attribution

The process of assigning the cause of behavior to situational factors outside of the individual.

Self-Control

The capacity to control one's feelings, thoughts, and actions when confronted with desires and sudden urges.

Protecting

The action of keeping someone or something safe from harm, damage, or potential threats.

Fighting

Engaging in a physical conflict or struggle against another person or group.