The Vertical Long-Run Phillips Curve

question 20

Multiple Choice

The vertical long-run Phillips curve

• A) indicates the permanent unemployment rate
• B) indicates the unemployment rate at the optimal level of GDP
• C) is only one of several vertical curves that together are called interest rate targets
• D) indicates the economy's natural rate of unemployment
• E) is more socially desirable than a horizontal Phillips curve would be

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Definitions:

Sanger

Refers to a method developed by Frederick Sanger for determining the sequence of nucleotide bases in DNA.

RNA Interference

A biological mechanism where RNA molecules suppress gene expression or translation by neutralizing specific mRNA molecules.

Protein-Coding Gene

A gene that contains the instructions for synthesizing a protein, with its sequence of nucleotides determining the sequence of amino acids in the protein.

RFLP

Restriction Fragment Length Polymorphism, a technique in molecular biology used to analyze the length of DNA fragments resulting from restriction enzyme cutting, which can vary among individuals.