The Phillips Curve Depicts That, in General

question 123

Multiple Choice

The Phillips Curve depicts that, in general:

• A) high amounts of unemployment in an economy will coincide with low inflation.
• B) low amounts of unemployment in an economy will coincide with low inflation.
• C) high amounts of unemployment in an economy will coincide with high inflation.
• D) high amounts of output in an economy will coincide with low inflation.

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Definitions:

Endocytosis

Process by which substances are moved into the cell from the environment; includes phagocytosis, pinocytosis, and receptor-mediated endocytosis.

Diffusion

The passive movement of particles from an area of high concentration to an area of low concentration.

ATP

ATP, or adenosine triphosphate, is a high-energy molecule that stores and supplies the cell with needed energy for various biological processes through the transfer of a phosphate group.