What Is a Long-Run Economic Aspect on Which Most Economists

question 166

Multiple Choice

What is a long-run economic aspect on which most economists agree?

• A) The natural rate of unemployment depends primarily on the level of aggregate demand.
• B) Inflation depends primarily upon the money supply growth rate.
• C) There is a direct relationship between the inflation rate and the natural rate of unemployment.
• D) The rate of economic growth depends primarily on the growth in money supply.

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Definitions:

Antiradicalism

opposition to radical movements, ideologies or persons, often in the context of politics, where conservative segments of society reject progressive or revolutionary changes.

Immediate Aftermath

The period immediately following an event, characterized by reactions, consequences, and initial responses to what has occurred.

League of Nations

An international organization founded after World War I to promote peace and cooperation among countries, a precursor to the United Nations.

Treaty of Versailles

The peace treaty that ended World War I, signed in 1919, which imposed heavy reparations and territorial losses on Germany, leading to political and economic instability.