As a Consequence of the Existence of a Nonaccelerating Inflation

question 39

Multiple Choice

As a consequence of the existence of a nonaccelerating inflation rate of unemployment:

• A) cyclical unemployment can never be zero.
• B) there is no short-run trade-off between unemployment and inflation.
• C) money is neutral.
• D) there is no long-run trade-off between unemployment and inflation.

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Definitions:

Systolic Pressure

The pressure in the arteries when the heart beats and the ventricles are pumping blood.

Aneroid Sphygmomanometer

A type of blood pressure monitor that uses a gauge without liquid (aneroid) to measure blood pressure.

Axillary Thermometer

A thermometer designed for measuring body temperature by placing it in the armpit (axillary area).

Systolic

Pertaining to the phase of the heartbeat when the heart muscle contracts and pumps blood from the chambers into the arteries.