Which of the Following Is Correct According to the Long-Run

question 341

Multiple Choice

Which of the following is correct according to the long-run Phillips curve?

• A)No government policy, including changes in monetary growth, can change the natural rate of unemployment.
• B)Changes in the money supply growth rate is the only government policy that can change the natural rate of unemployment.
• C)Monetary policy cannot change the natural rate of unemployment, but other government policies can.
• D)Monetary policy and other government policies can both change the natural rate of unemployment.

---

Definitions:

Subletting

The act of renting out a leased property by the original tenant to a third party for a subset of the lease period.

Assign the Lease

The process of transferring all or part of the rights and obligations of an existing lease from the original tenant to another party.

Voidable

Legally valid until annulled; a contract or agreement that can be legally declared invalid.

Liability

The state of being legally responsible for something, especially in terms of debts or legal obligations.