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

question 86

Multiple Choice

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

• 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:

Superego

The part of the personality in Freudian psychoanalytic theory that represents internalized societal standards of right and wrong.

Disapproved

The state of being opposed or objected to, often as a result of not meeting certain standards or expectations.

Parents

Biological, adoptive, or caretaking individuals who have the primary role in raising children.

Care

The provision of what is necessary for the health, welfare, maintenance, and protection of someone or something.