The Idea Behind the Phillips Curve Is That ________

question 68

Multiple Choice

The idea behind the Phillips curve is that ________.

• A)tightness in the labor market raises wages but has little impact on prices
• B)when the unemployment rate is low,wages will decrease
• 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:

Longitudinal Study

A research design that involves repeated observations of the same variables (e.g., people) over short or long periods of time.

Giftedness

Refers to individuals, often children, who exhibit an exceptional level of ability or talent in one or more domains.

Mental Illness

Disorders that affect mood, thinking, and behavior, encompassing a wide range of conditions such as depression, anxiety disorders, schizophrenia, and bipolar disorder.

Terman and Oden

Researchers known for their longitudinal study on gifted children, calling it the Genetic Studies of Genius.