Which of the Following Statements Is Incorrect

question 35

Multiple Choice

Which of the following statements is incorrect?

• A)The point where the short-run and long-run supply curves intersect corresponds to the potential level of output
• B)Any point on the short-run aggregate supply curve reflects current inflation equals actual inflation
• C)Inflation and output are unrelated in the long run
• D)In the long run, inflation is determined by monetary policy

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Definitions:

Equivocation

The misleading use of a term with more than one meaning or sense, by glossing over which meaning is intended at a particular time.

Ambiguous Words

Words that have more than one meaning or interpretation, leading to uncertainty or vagueness.

Grammatical Mistake

An error in the use of language rules in writing or speaking.

Red Herring Fallacy

A response is directed toward a conclusion that is different from that proposed by the original argument.