Which of the Following Is Not Correct

question 13

Multiple Choice

Which of the following is not correct?

• A)In the short run,policymakers face a tradeoff between inflation and unemployment.
• B)Events that shift the long-run Phillips curve right shift the long-run aggregate supply curve left.
• C)Unemployment can be changed only by the use of government policy.
• D)The decrease in output associated with reducing inflation is less if the policy change is announced ahead of time and is credible.

---

Definitions:

Accounts Receivable

The money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Intangible Assets

Intangible assets are non-physical assets owned by a business, such as patents, trademarks, goodwill, and licensing agreements, known for their long-term value.

Long-Term Debt

Loans and financial obligations lasting over one year that are used to finance a company's operations.

Book Value

The value of an asset according to its balance sheet account balance, subtracting any liabilities or depreciation.