Which of the Following Curves Is (Are) Upward Sloping

question 46

Multiple Choice

Which of the following curves is (are) upward sloping?

• A)both the long-run Phillips curve and the long-run aggregate supply curve
• B)neither the long-run Phillips curve nor the long-run aggregate supply curve
• C)only the long-run Phillips curve
• D)only the long-run aggregate supply curve

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Definitions:

Journal Entry

A record in accounting that shows a business transaction and its effect on the accounts, typically involving a debit and credit.

Interest Expense

The cost incurred by an entity for borrowed funds, referring to the interest payments made on any form of debt for a specific period.

Notes Payable

Notes payable are written agreements where a borrower agrees to pay back a specified amount of money, plus interest, to a lender by a certain date.

Issuance

The process of distributing new or existing securities for sale to investors.