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:

Carbon Monoxide

A colorless, odorless, and toxic gas consisting of one carbon atom and one oxygen atom, chemically represented as CO.

Polarity

A property of molecules having distinct ends with opposite charges, leading to unequal sharing of electrons.

Methane Molecule

A simple hydrocarbon with the chemical formula CH4, consisting of one carbon atom bonded to four hydrogen atoms, and is the primary component of natural gas.

Polarity

A property of molecules with distinct oppositely charged ends, resulting from an uneven distribution of electrons.