Which of the Following Is Correct Concerning the Long-Run Phillips

question 97

Multiple Choice

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

• A)Its position is determined primarily by monetary factors.
• B)If it shifts right,long-run aggregate supply shifts right.
• C)It cannot be changed by any government policy.
• D)Its position depends on the natural rate of unemployment.

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Definitions:

Years

A measurement of time consisting of 12 months or 365 days, used in financial calculations to determine periods.

Equipment

Tangible property used in business operations, such as machinery, computers, and furniture, which usually has a long-term use.

Rate of Return

The accrual or depletion in value of an investment over a stipulated period, expressed in terms of the percentage of the investment's beginning cost.

Save

The act of putting money aside in a safe place for future use or investment, typically in a bank account or other financial instrument.