All of the Following Are True Along a Long-Run Phillips

question 94

Multiple Choice

All of the following are true along a long-run Phillips curve except one.Which is the exception?

• A)unemployment is at the natural rate
• B)employers and workers have the time and ability to adjust fully to unexpected changes in aggregate demand
• C)the only choices for policy makers are different levels of inflation
• D)inflation and unemployment are inversely related
• E)changes in aggregate demand will have no effect in the long run on unemployment

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DNAR Determination

A medical order indicating that no attempts should be made to resuscitate a patient in the event of cardiac or respiratory arrest, standing for "Do Not Attempt Resuscitation."

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The right or condition of self-government, or, in a personal sense, the ability to make decisions independently and to have control over one's own life.

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The concept of fair and just relations between the individual and society, measured by the distribution of wealth, opportunities, and privileges within a society.

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