Which of the Following Is a True Statement

question 19

Multiple Choice

Which of the following is a true statement?

• A) There is a long-run trade-off between inflation and unemployment.
• B) There is no trade-off between inflation and unemployment in the short-run.
• C) The short-run Phillips Curve is horizontal.
• D) The long-run Phillips Curve is vertical.

---

Definitions:

Team Success

The achievement of predefined goals and objectives by a group of individuals working together effectively and efficiently.

Objectives

Specific, measurable, attainable, relevant, and time-bound goals that guide actions and decisions.

Benchmarks

Standards or points of reference against which things may be compared or assessed.

Accountability

The obligation of an individual or organization to account for its activities, accept responsibility for them, and disclose the results in a transparent manner.