The Long-Run Phillips Curve Is Graphed as a

question 13

Multiple Choice

The long-run Phillips curve is graphed as a

• A) horizontal line at the expected level of inflation.
• B) vertical line at the natural unemployment rate.
• C) curve that slopes downward to the right.
• D) curve that slopes upward to the right.
• E) a straight line with a 45 degree slope.

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Definitions:

Secondary Cell

A type of electrical battery that can be recharged after discharge, such as a lithium-ion battery.

LeClanché Cell

An early type of wet cell battery consisting of a zinc anode, a manganese dioxide cathode, and an electrolyte of ammonium chloride.

Carbon-Zinc

A type of battery chemistry characterized by the use of carbon and zinc as the electrode materials, often used in household batteries.

Alkaline

A type of battery chemistry that is based on the reaction between zinc and manganese dioxide, characterized by high energy density.