A Policy Change That Changes the Natural Rate of Unemployment

question 115

Multiple Choice

A policy change that changes the natural rate of unemployment changes

• A)neither the long-run Phillips curve nor the long-run aggregate supply curve.
• B)both the long-run Phillips curve and the long-run aggregate supply curve.
• C)the long-run Phillips curve,but not the long-run aggregate supply curve.
• D)the long-run aggregate supply curve,but not the long-run Phillips curve.

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Definitions:

Machine

A device constructed to perform specific tasks, often powered by electricity or mechanical force, ranging from simple tools like levers to complex computers.

Premature Ventricular Contractions

Abnormal, extra heartbeats that originate in one of the ventricles of the heart, disrupting the regular heart rhythm.

Hypertension

Elevated blood pressure.

Coronary Artery Disease

A condition characterized by the narrowing of the coronary arteries due to the buildup of plaque, which can lead to reduced blood flow to the heart.