In the Long Run, the Phillips Curve Is a ________

question 140

Multiple Choice

In the long run, the Phillips curve is a ________ at ________.

• A)horizontal line; 0% inflation
• B)negatively sloped line; the intersection of aggregate demand and short-run aggregate supply
• C)vertical line; the natural rate of unemployment
• D)positively sloped; the intersection of the short and long-run Phillips curves
• E)None of the above is correct.

---

Definitions:

Visual Cortex

The part of the cerebral cortex of the brain that processes visual information.

Photosensitive

Having a sensitivity to light, causing a chemical, physical, or biological response when exposed to it.

Retinal Ganglion Cells

Neurons in the retina that receive visual information from photoreceptors via bipolar cells and transmit it to the brain.

Retinohypothalamic Tract

The retinohypothalamic tract is a pathway in the brain through which photic information travels from the retina to the hypothalamus, involved in the regulation of circadian rhythms.