In the Phillips Curve, the Term ________ Reflects ________

question 29

Multiple Choice

In the Phillips curve, the term ________ reflects ________.

• A) ; cost-push inflation
• B) ; cost-push inflation
• C) ; the "true" rate of inflation
• D) ; demand-pull inflation
• E) ; the responsiveness of inflation to cost shocks

---

Definitions:

Manifest Function

Clearly recognized and intended consequences of any social pattern or activity within a society.

Anticipated Outcome

The expected result or consequence of an action, process, or situation, often based on prior knowledge or hypotheses.

Dysfunction

The negative consequence of a social process that disrupts the operation of a system or organization.

Latent Function

The unintended, often unrecognized, consequences or effects of social structures or institutions that may influence societal behavior or outcomes.