What Is a Long-Run Economic Aspect on Which Most Economists

question 166

Multiple Choice

What is a long-run economic aspect on which most economists agree?

• A) The natural rate of unemployment depends primarily on the level of aggregate demand.
• B) Inflation depends primarily upon the money supply growth rate.
• C) There is a direct relationship between the inflation rate and the natural rate of unemployment.
• D) The rate of economic growth depends primarily on the growth in money supply.

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Definitions:

Termination Step

The final step in a chain reaction mechanism in which reactive intermediates combine or react with the wall of the container, ending the reactive sequence.

Free Radical

Highly reactive atoms or molecules that contain unpaired electrons and can participate in chain reactions.

Chlorination

The addition of chlorine to water or organic compounds, either as a disinfectant or to introduce chlorine atoms into molecules during chemical synthesis.

Methane

A colorless, odorless gas, the simplest alkane and the main component of natural gas; used as a fuel and in organic synthesis.