Many Economists Think That, in the Long Run, the Economy

question 89

Multiple Choice

Many economists think that, in the long run, the economy tends to move toward

• A)the natural or full-employment rate of unemployment.
• B)the natural or full-employment rate of inflation.
• C)a severe slump with high unemployment.
• D)an accelerating rate of inflation.

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Definitions:

Music

Music is an art form and cultural activity involving the creation of sounds and rhythms in various styles and formats, used for entertainment, expression, and ceremonial purposes.

Novelty

The quality of being new, unique, or interesting.

Purchase Behavior

The decision-making process and actions of consumers regarding the buying of products or services.

Latin America

A region that includes countries in the Americas where Romance languages are spoken, primarily Spanish and Portuguese.