The Idea Behind the Phillips Curve Is That ________

question 5

Multiple Choice

The idea behind the Phillips curve is that ________.

• A)tight labor markets lead to inflationary pressures
• B)when the unemployment rate is low,wages will increase
• C)when firms raise wages to attract new workers,prices will also increase
• D)all of the above
• E)none of the above

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Definitions:

Unconformity

A boundary between underlying and overlying rock strata representing a significant break or gap in the geologic record; an unconformity represents an interval of nondeposition or erosion, commonly accompanied by uplift.

Intrusive Contact

The boundary between intrusive igneous rocks and the surrounding country rock into which they have intruded.

Axial Surface

A surface that connects the hinge lines in a fold.

Overturned Anticline

A geological fold where the layers have been tilted past vertical, making the older layers overlie the younger ones.