According to the Text, the Slope of the Phillips Curve

question 4

Multiple Choice

According to the text, the slope of the Phillips curve in the United States is about ________. Thus, if the change in inflation is 3 percent, the gap would be ________ percent.

• A) 1/4; 0.25
• B) 1/3; 3
• C) 1/2; 2
• D) 2; 0.5
• E) 1/3; 1

---

Definitions:

Language

A system of communication used by a particular community or country, consisting of written, spoken, and sometimes sign forms.

Myelinated Axons

Nerve fibers covered with myelin, a fatty substance that insulates the axon and speeds up the transmission of nerve impulses.

Central Nervous System

The complex of nerve tissues that controls the activities of the body, comprising the brain and spinal cord.

Cortices

The outer layers or regions of an organ or structure, such as the cerebral cortex in the brain or the cortex of plant roots and stems.