The Long-Run Phillips Curve Is ________ and Equal to ________

question 39

Multiple Choice

The long-run Phillips curve is ________ and equal to ________.

• A) horizontal; the natural rate of unemployment
• B) vertical; the natural rate of unemployment
• C) vertical; full-employment output
• D) horizontal; full-employment inflation
• E) horizontal; full-employment output

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Definitions:

Echoic Memory

A component of sensory memory that allows individuals to retain audio information for short periods after the original sounds have ended.

Iconic Memory

The visual sensory memory register pertaining to the visual domain and a fast-decaying store of visual information.

Sensory Memory

The shortest-term element of memory, allowing the retention of impressions of sensory information after the original stimuli have ended.

Working Memory

A mental system of restricted capability accountable for momentarily retaining data for processing purposes.