In the Long Run, Attempts to Expand Beyond an Economy's

question 93

Multiple Choice

In the long run, attempts to expand beyond an economy's natural rate of unemployment tend to result in

• A) increased inflation.
• B) increased output.
• C) both increased output and increased inflation.
• D) neither increased output nor increased inflation.

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Definitions:

Revolutionary Heritage

The cultural, political, and historical legacy left by a revolution, particularly the American Revolution.

Preamble

An introductory statement in a document that explains the document's purpose and underlying philosophy.

Black Abolitionists

African American activists who campaigned against the enslavement and oppression of black people.

American Anti-Slavery Society

Founded in 1833, the organization that sought an immediate end to slavery and the establishment of equality for black Americans. It split in 1840 after disputes about the role of women within the organization and other issues.