In the Long Run,we Typically Assume That ________

question 19

Multiple Choice

In the long run,we typically assume that ________.

• A)capital,labor,and technology are independent of the level of inflation
• B)the natural rate of unemployment is independent of the level of inflation
• C)aggregate supply is fixed and independent of the level of inflation
• D)all of the above
• E)none of the above

---

Definitions:

Fourth Of July

A federal holiday in the United States commemorating the adoption of the Declaration of Independence on July 4, 1776.

Firecrackers

Small explosive devices designed to produce a large amount of noise, especially in the form of a loud bang; typically used for entertainment or celebration.

Unconditioned Stimulus

In classical conditioning, a stimulus that instinctively and automatically elicits a reflex response without any previous learning.

Pavlov

A Russian physiologist known for his research in classical conditioning, demonstrating how dogs could learn to associate a neutral stimulus with food and respond accordingly.