The Position of the Long-Run Phillips Curve and the Long-Run

question 162

Multiple Choice

The position of the long-run Phillips curve and the long-run aggregate supply curve both depend on which of the following?

• A)the natural rate of unemployment and monetary growth
• B)the natural rate of unemployment, but not monetary growth
• C)monetary growth, but not the natural rate of unemployment
• D)neither monetary growth nor the natural rate of unemployment

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Definitions:

Public Opinion

The collective attitudes or beliefs of the public about issues, events, or personalities.

Insula

In ancient Roman architecture, a multi-story apartment building that housed the urban population of cities like Rome.

Basilica

In Roman architecture, a public building for legal and other civic proceedings, rectangular in plan, with an entrance usually on a long side. In Christian architecture, a church somewhat resembling the Roman basilica, usually entered from one end and with an apse at the other.

Domus

A Roman private house.