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.

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Definitions:

Student Loans

Money borrowed to pay for education expenses, which must be repaid with interest.

Principal

The initial sum of money borrowed in a loan or put into an investment, exclusive of any interest or dividends.

Student Loans

Loans offered to students to help cover post-secondary education expenses, which typically have favorable interest rates compared to other types of loans.

Annual Simple Interest Rate

The percentage of interest, calculated on a yearly basis, that does not account for compounding within that year.