The Long-Run Phillips Curve Shows That

question 61

Multiple Choice

The long-run Phillips curve shows that:

• A)there is a trade-off between unemployment and inflation.
• B)an expansionary policy could lead to lower unemployment temporarily.
• C)the natural rate of unemployment occurs when the actual inflation rate equals the expected inflation rate.
• D)lower unemployment can be sustained indefinitely with continuous expansionary policies.

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Definitions:

Synchronous Speed

The speed at which the magnetic field in an AC motor rotates, dependent on the frequency of the supply current and the number of poles in the motor.

Turning Torque

The torque required to initiate rotation of a body from rest or to maintain rotation at a constant angular velocity.

Maximum Positive Voltage

The highest voltage level in the positive direction that a system or component is designed to handle.

Magnetic North Polarity

The direction in which the north end of a magnet points, aligning with the Earth's magnetic north.