According to the Long-Run Phillips Curve,in the Long Run Monetary

question 99

Multiple Choice

According to the long-run Phillips curve,in the long run monetary policy influences

• A)inflation but not the unemployment rate;this is consistent with classical theory.
• B)inflation but not the unemployment rate;this is inconsistent with classical theory.
• C)the unemployment rate but not inflation;this is consistent with classical theory.
• D)the unemployment rate but not inflation;this is inconsistent with classical theory.

---

Definitions:

ECT

Electroconvulsive therapy, a medical treatment most commonly used for severe major depression which involves brief electrical stimulation of the brain while the patient is under anesthesia.

Memory-related Side Effects

Adverse effects impacting an individual's ability to recall, store, or process information, often due to medication or neurological conditions.

Classical Antipsychotic

A type of antipsychotic medication primarily used to treat symptoms of schizophrenia and other psychotic disorders, typically by blocking dopamine receptors.

Dopamine Receptors

Proteins located in the brain and central nervous system that interact with the neurotransmitter dopamine, influencing mood, motivation, and reward.