If Inflationary Expectations Decrease, the Phillips Curve Will

question 182

Multiple Choice

If inflationary expectations decrease, the Phillips curve will

• A) shift to the right.
• B) shift to the left.
• C) become vertical.
• D) become upward sloping.

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Definitions:

MMPI

The Minnesota Multiphasic Personality Inventory, a standardized psychometric test of adult personality and psychopathology.

Psychological Disorders

Mental disorders characterized by patterns of thought, feeling, and behavior that are distressing, disruptive, and not considered culturally normative.

Validity

The extent to which a test, assessment, or measurement accurately reflects or assesses the specific concept it is intended to measure.

Behaviorists

Psychologists who focus on observable behaviors and the ways in which they are learned, rather than on cognitive or emotional states.