The Long-Run Phillips Curve

question 31

Multiple Choice

The long-run Phillips curve

• A)is vertical
• B)is the same as the short-run Phillips curve
• C)slopes downward
• D)slopes upward
• E)is horizontal

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Definitions:

Gene

A unit of heredity that is transferred from a parent to offspring and is held to determine some characteristic of the offspring.

Hydrogen Atoms

A hydrogen atom consists of one proton and one electron; it is the simplest and most abundant atom in the universe.

Electrons

Subatomic particles with a negative charge, orbiting the nucleus of an atom and involved in chemical bonds and electricity.

Oxidation

A chemical reaction involving the loss of electrons or an increase in oxidation state by a molecule, atom, or ion.