Ultimately,the Change in Unemployment Associated with a Change in Inflation

question 71

Multiple Choice

Ultimately,the change in unemployment associated with a change in inflation is due to

• A)the shape of the long-run aggregate supply curve.
• B)unanticipated inflation,not inflation per se.
• C)anticipated inflation,not inflation per se.
• D)a change in the natural rate of unemployment.

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Definitions:

Pesos Per Dollar

A currency exchange rate that shows how many Mexican pesos can be exchanged for one US dollar.

U.S. Economy

The economic system of the United States, characterized by private enterprise, a variety of industries, advanced technology, and a complex system of goods and services production and distribution.

Dollar Price

The value of a commodity, asset, or service denoted in units of the U.S. dollar, reflecting its cost or market value.

English Pound

The currency of the United Kingdom, also known as the pound sterling.