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What did Friedman and Phelps predict would happen if policymakers tried to move the economy upward along the Phillips curve? Did the behavior of the economy in the late 1960s and the 1970s prove them wrong?
Paranoid Personality Disorder
A mental condition characterized by a long-term pattern of distrust and suspicion of others, without sufficient basis.
Schizoid
Pertaining to a personality disorder characterized by a long-term pattern of detachment from social relationships and a limited range of emotional expression.
Antisocial Personality Disorder
A mental disorder where a person consistently shows no regard for right and wrong and ignores the rights and feelings of others.
Punishment
The imposition of an undesirable or unpleasant outcome upon an individual or group, with the aim of decreasing or preventing a specific behavior.
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