Which of the Following Is Not Correct

question 13

Multiple Choice

Which of the following is not correct?

• A)In the short run,policymakers face a tradeoff between inflation and unemployment.
• B)Events that shift the long-run Phillips curve right shift the long-run aggregate supply curve left.
• C)Unemployment can be changed only by the use of government policy.
• D)The decrease in output associated with reducing inflation is less if the policy change is announced ahead of time and is credible.

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Definitions:

Fair Value

The proceeds from selling an asset or the financial burden of a liability transfer in a civilized negotiation with market participants on the valuation date.

Functional Currency

The main currency used by a business or in an economy, often the domestic currency or the currency of the primary economic environment in which the entity operates.

Foreign Currency

Refers to currencies other than the domestic currency of a company, used in international trade and investment.

Liabilities

Financial obligations or debts owed by a company to others, which are expected to be paid or settled in the future.