All Points on the Long Run Phillips Curve That Are

question 143

Multiple Choice

All points on the long run Phillips curve that are sustainable in the long run due to economy's self correcting mechanism correspond to

• A)the mature rate of unemployment.
• B)the natural rate of unemployment.
• C)the seasonal rate of unemployment.
• D)the cyclical rate of unemployment.

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Definitions:

Annuity

A finance option that grants a regular payment sequence to individuals, chiefly employed as income for retired persons.

Cash Flow

The complete total of funds entering and leaving a business, notably affecting its immediate financial resources.

Interest Expense

The cost incurred by an entity for borrowed funds over a period, which can appear on the income statement as a result of loans, bonds, or credit lines.

Semiannually

Pertains to an event or process that occurs twice a year.