If the Long-Run Phillips Curve Is Vertical, Then Any Government

question 14

Multiple Choice

If the long-run Phillips curve is vertical, then any government policy designed to lower:

• A) unemployment will not change the unemployment rate and only increase the inflation rate.
• B) unemployment will work leaving the inflation rate unchanged.
• C) inflation will cause employment to rise.
• D) unemployment will work causing the inflation rate to fall.

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Definitions:

Ejaculation

The release of semen from the male reproductive tract, typically occurring during sexual climax.

Male Breast

Tissue found on the chest of males that can develop similarly to female breasts under certain conditions, though typically less pronounced.

Female Breast

A pair of mammary glands on the chest of women and female mammals, which can produce milk to feed infants.

Anus

The opening at the end of the digestive tract through which feces exits the body.