Which of the Following Is Correct According to the Long-Run

question 341

Multiple Choice

Which of the following is correct according to the long-run Phillips curve?

• A)No government policy, including changes in monetary growth, can change the natural rate of unemployment.
• B)Changes in the money supply growth rate is the only government policy that can change the natural rate of unemployment.
• C)Monetary policy cannot change the natural rate of unemployment, but other government policies can.
• D)Monetary policy and other government policies can both change the natural rate of unemployment.

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Definitions:

Social Structures

Stable patterns of social relations.

State Institutions

Organizations or structures established by the government to perform functions and duties for the welfare and governance of the society.

Electronic Public Meetings

Gatherings conducted over digital platforms allowing individuals to discuss, deliberate, or make decisions on public or organizational matters.

Political Participation

The involvement of citizens in the political process, which can range from voting in elections to attending protests or engaging in civic activities.