The Position of the Long- Run Phillips Curve Is Determined

question 253

Multiple Choice

The position of the long- run Phillips curve is determined by

• A) the level of interest rates.
• B) the inflation rate.
• C) the quantity of money.
• D) the natural unemployment rate.

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Definitions:

CIO

Stands for Congress of Industrial Organizations, a federation of unions that organized workers in industrial unions in the United States and Canada from 1935 to 1955.

Immigrant Groups

Communities of people who have moved from one country to settle in another, often forming distinct cultural or social groups.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted in the United States during the 1930s in response to the Great Depression.