Most Economists Think That, in the Short Run, There Is

question 123

Multiple Choice

Most economists think that, in the short run, there is

• A)a trade-off between inflation and unemployment, but not in the long run.
• B)no trade-off between inflation and unemployment, nor is there one in the long run.
• C)a trade-off between inflation and unemployment, and in the long run also.
• D)no trade-off between inflation and unemployment, but there is one in the long run also.

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Definitions:

Express Confidence

The act of conveying assurance, certainty, or self-reliance in one's abilities or in the information presented.

Negative Message

A negative message is a type of communication that conveys disappointing or unfavorable information to the recipient, often related to denials, rejections, or criticisms.

Subordinate

A lower rank or position in a hierarchy.

Negative Message

Communication that conveys unpleasant, disappointing, or unfavorable information to the recipient.