If the Long-Run Aggregate Supply Curve Is Vertical

question 195

Multiple Choice

If the long-run aggregate supply curve is vertical

• A)the economy stays at the natural rate of inflation in the long run.
• B)the short-run Phillips curve must be vertical.
• C)unemployment and inflation are positively related in the long run.
• D)the trade-off between unemployment and inflation cannot be permanent.

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Definitions:

Cellulose

Cellulose is a complex carbohydrate that serves as a primary structural component of plant cell walls, providing rigidity and resistance to mechanical stress.

Plant Cells

The basic structural and functional units of plants, characterized by a rigid cell wall, chloroplasts, and a large central vacuole.

Structural Component

An essential part of a structure or system that contributes to its stability and integrity.

Thermal Insulation

Material or methodology that reduces the transfer of heat between objects or environments, commonly used in building construction and clothing to retain warmth.