In the Long Run

question 126

Multiple Choice

In the long run,

• A)attempts to "fine-tune" the economy cause the rate of unemployment to accelerate.
• B)there is no inflation-unemployment trade-off.
• C)there is an inflation-unemployment trade-off, and the terms of that trade-off have worsened in recent years.
• D)there is an inflation-unemployment trade-off, but the terms of that trade-off have improved in recent years.

---

Definitions:

Interest Act

Legislation that stipulates regulations regarding the calculation and payment of interest on various types of loans and debts.

Criminal Code

is a document that compiles all criminal laws and procedures in a particular jurisdiction.

Vulnerable State

A condition in which an individual or group is unable to protect themselves against significant harm or exploitation due to various factors.

Consumer Transactions

Deals or exchanges of goods or services between sellers and individuals who purchase them for personal, family, or household use.