If Output and Inflation Are Unrelated in the Long Run

question 11

Multiple Choice

If output and inflation are unrelated in the long run, the long-run aggregate supply curve must be:

• A) horizontal.
• B) vertical.
• C) upward sloping.
• D) non-existent.

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Definitions:

Motivating Traits

Characteristics within an individual that drive them to act or pursue goals energetically and persistently.

Disgust

Disgust is an emotional response of revulsion or strong disapproval aroused by something unpleasant or offensive.

Dynamic Traits

Personality characteristics that are adaptive and change in response to different environments or situations.

Love and Forgiveness

Fundamental human emotions and actions that involve deeply caring for someone's wellbeing and releasing feelings of resentment or anger towards that person or oneself.