The Long-Run Phillips Curve Is ________ and Equal to ________

question 39

Multiple Choice

The long-run Phillips curve is ________ and equal to ________.

• A) horizontal; the natural rate of unemployment
• B) vertical; the natural rate of unemployment
• C) vertical; full-employment output
• D) horizontal; full-employment inflation
• E) horizontal; full-employment output

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Definitions:

Ventral Surface

The front or anterior surface of the body, opposite to the dorsal surface.

Pectoralis Group

A group of muscles located in the chest, responsible for various movements of the shoulder joint, including flexion, adduction, and internal rotation.

Dorsal Surface

The upper surface or back side of an organism or body part, especially in animals.

Rhomboideus Group

A collection of muscles in the upper back that connect the spine to the scapula, important for shoulder blade movement.