Answer:
D) does not; people have rational expectations
Explanation:
Philips short-run curve is a curve which shows the relationship between unemployment and inflation in any given country. This thoery was discovered by Professor A.W.Phillips which was based on observations he made of unemployment and changes in wage levels from 1861 to 1957 in which he found that there was a trade-off between unemployment and inflation.
<em>The argument was that, it does not represent a usable trade-off due to the fact that policy makers have a simple choice to make - to either accept the lowering of inflation or unemployment. </em>
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Industry vs Inferiority.
The primary development task of elementary school stage is Industry vs Inferiority.
Explanation:
The elementary school stage of children starts from the age six and lasts till the age of 12. During this stage, children start to compare themselves with their peers. They either develop the sense of accomplishment or feel inadequate.
There are many factors on the basis of which children compare themselves with other children. These factors may include:
- School Work
- Extra curricular activities
- Social activities
- Family life, etc
On the basis of these factors, children feel inferior or superior than other children and this superiority or inferiority in them lead to the pride or the feeling of inadequacy in them.
Learn more about children behaviors at:
brainly.com/question/2662034
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