Economics 12E - Arnold - TB_353

Economics 12E - Arnold - TB_353 - applying DISC...

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applying - DISC: Understanding and applying economic models KEYWORDS: Bloom's: Knowledge 51. The original (1958) Phillips curve stated that a. unemployment and money wage rates move in the same direction. b. unemployment and money wage rates move in opposite directions. c. there is an inverse relationship between price inflation and unemployment. d. there is a direct relationship between price inflation and unemployment. e. a and c ANSWER: b POINTS: 1 DIFFICULTY: Easy NATIONAL STANDARDS: United States - BUSPROG: Analytic LOCAL STANDARDS: United States - OH - Default City - DISC: Understanding and applying - DISC: Understanding and applying economic models KEYWORDS: Bloom's: Comprehension 52. The Samuelson-Solow version of the Phillips curve states that POINTS: 1 DIFFICULTY: Moderate NATIONAL STANDARDS: United States - BUSPROG: Analytic LOCAL STANDARDS: United States - OH - Default City - DISC: Understanding and applying - DISC: Understanding and applying economic models KEYWORDS: Bloom's: Comprehension
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