Which of the Following Is True of an Economy in the Long

question 7

Multiple Choice

Which of the following is true of an economy in the long run?

• A) The economy operates on its production possibility frontier.
• B) The rate of inflation is expected to be very high.
• C) Wage rates increase faster than inflation rates.
• D) There is a high level of unemployment in the economy.

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Definitions:

Inferior Phrenic Vein

Veins that drain blood from the diaphragm into the inferior vena cava or the left suprarenal vein.

Axillary Vein

A vein that accompanies the axillary artery and drains the upper limb and the lateral aspect of the thorax and breast.

Subscapular Vein

A vein that drains blood from the subscapular region, which includes the underside of the scapula, and typically joins with the axillary vein.

Internal Thoracic Vein

A vein that runs alongside the internal thoracic artery and drains blood from the chest wall and breasts into the brachiocephalic vein.