If the Long-Run Aggregate Supply Curve Is Vertical

question 7

Multiple Choice

If the long-run aggregate supply curve is vertical,

• A)the economy stays at the natural rate of inflation in the long run.
• B)the short-run Phillips curve must be vertical.
• C)unemployment and inflation are positively related in the long run.
• D)the trade-off between unemployment and inflation cannot be permanent.
• E)any changes in the unemployment rate will be permanent.

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Definitions:

Nucleotides

Organic molecules that serve as the building blocks of nucleic acids, like DNA and RNA, each composed of a base, a sugar, and a phosphate group.

Rhizomes

A type of underground stem that sends out roots and shoots from its nodes, often used in plant reproduction.

Secondary Sex Characteristics

Physical features that emerge during puberty which are not directly involved in reproduction but distinguish the sexes.

Gonads

The primary reproductive organs that produce gametes (sperm or eggs) and sex hormones, including ovaries in females and testes in males.