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

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Definitions:

Macular Degeneration

A medical condition which results in blurred or no vision in the center of the visual field, often due to aging.

Synesthesia

A crossing over of sensory perceptions. For example, a loud sound may be seen or a color may be felt.

Drug Dependency

A condition resulting from the chronic use of a drug where a person's body or mind feels a compulsory need to continue use despite potential harm.

Freebasing

A method of using drugs, especially cocaine, by converting them into a base so they can be smoked, leading to intense but short-lived effects.