Which of the Following Is Correct According to the Long-Run

question 71

Multiple Choice

Which of the following is correct according to the long-run Phillips curve?

• A)No government policy,including changes in the money supply growth rate,can change the natural rate of unemployment.
• B)Changes in the money supply growth rate are the only means by which government policy can change the natural rate of unemployment.
• C)Monetary policy cannot change the natural rate of unemployment,but other government policies can.
• D)Monetary policy and other government policies can shift the long-run Phillips curve.

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Definitions:

Peek-a-Boo

A classic game played with babies and young children where one hides their face, then reveals it saying "Peek-a-boo," meant to entertain and teach object permanence.

Dishabituation

The process by which a previously habituated response is restored because of the presentation of a new stimulus.

Novel Stimulus

A new or unfamiliar stimulus that requires an individual to process and potentially adapt to it, often used in psychological studies to measure response or attentiveness.

Consequent

In logic, the latter part of a conditional statement, the outcome or result that follows the condition specified in its antecedent.