The Figure Given Below Shows the Phillips Curves of the U.S.economy

question 74

Multiple Choice

The figure given below shows the Phillips curves of the U.S.economy during early 1960s to late 1970s. Figure 14.2 Refer to Figure 14.2.Phillips curve II is associated with the late 1980s in the United States and indicates that 5 percent unemployment was consistent with 4 percent inflation.Which curve would be associated with the late 1970s in the United States?

• A)I
• B)II
• C)III
• D)IV

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Definitions:

Sulfide Minerals

Minerals composed of sulfide ions and one or more metals; important as ore minerals and for their chemical properties.

Fast-Spreading Ridge

A geological feature where tectonic plates are diverging at a rapid rate, leading to significant volcanic activity and the formation of new oceanic crust.

Hydrothermal Vents

Hydrothermal vents are openings in the sea floor from which heated mineral-rich water flows, often located near volcanically active places.

Hydrogen Sulfide

A toxic, foul-smelling gas, H2S, often associated with volcanic gases and the decomposition of organic matter.