Which of the Following Is Correct Concerning the Long-Run Phillips

question 97

Multiple Choice

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

• A)Its position is determined primarily by monetary factors.
• B)If it shifts right,long-run aggregate supply shifts right.
• C)It cannot be changed by any government policy.
• D)Its position depends on the natural rate of unemployment.

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The results or achievements attained as a result of an individual's or group's actions, efforts, or performance.

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A legal remedy in contracts law where a court orders the party who breached the contract to perform the specific act agreed upon in the contract.

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A measurement of a company's sales revenue generated in a three-month period.

Proximal

Near or close to a point of reference, often used in physical, temporal, or relational contexts.