Which of the Following Is Correct

question 55

Multiple Choice

Which of the following is correct?

• A) In the short run,policymakers face a tradeoff between inflation and unemployment.
• B) Events that shift the long-run Phillips curve right shift the long-run aggregate supply curve left.
• C) Unemployment can be changed only by the use of government policy.
• D) The decrease in output associated with reducing inflation is less if the policy change is announced ahead of time and is credible.

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Definitions:

Ethical Challenges

Situations or decisions within businesses or organizations that involve moral dilemmas or require ethical considerations.

Developmental

Pertaining to the process of growth or improvement over time, often used in the context of personal, social, economic, or biological development.

Environmental Destruction

refers to the extensive damage or deterioration of the natural environment through human activities.

Competitive System

A framework within which businesses compete for market share, involving the dynamics of competition, strategies, and market forces.