A Vertical Long-Run Phillips Curve Is Consistent with Which of the Following

question 142

Multiple Choice

A vertical long-run Phillips curve is consistent with which of the following?

• A)the principle of monetary neutrality
• B)real world data
• C)a natural rate of unemployment that depends on the inflation rate
• D)a downward-sloping aggregate demand curve

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Definitions:

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Pentagon

The headquarters of the United States Department of Defense, located in Arlington, Virginia, named for its distinctive five-sided shape.

Nuclear Test Ban Treaty

The Nuclear Test Ban Treaty is an international agreement that prohibits all nuclear detonation tests for both civilian and military purposes.

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