When an Economy Is in Long Run Equilibrium

question 171

Multiple Choice

When an economy is in long run equilibrium,

• A) it will be impossible to sustain the current rate of output in the future.
• B) the interest rate will decline.
• C) the foreign exchange value of the dollar will tend to appreciate.
• D) the actual and natural rates of unemployment will be equal.

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Definitions:

Asbestosis

A lung disease resulting from the inhalation of asbestos particles, leading to lung scarring and shortness of breath.

Liver Disease

A broad category of diseases and disorders that affect the liver's ability to function properly, often leading to health complications.

Bladder Cancer

A type of cancer that begins in the cells of the bladder, the organ that stores urine, and can cause symptoms like blood in urine and painful urination.

Liver Disease

A broad term for any disorder or condition that causes the liver to function improperly or stop functioning.