If Actual Real GDP (Q)is Permanently Greater Than Natural Real

question 36

Multiple Choice

If actual real GDP (Q) is permanently greater than natural real GDP (YN) ,

• A)the economy is off its short-run Phillips Curve.
• B)the actual rate of inflation must be less than the expected rate.
• C)the economy is on its long-run Phillips Curve.
• D)there must be a continuous acceleration of inflation.

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Definitions:

Homo Erectus

An extinct species of hominid that lived from the end of the Pliocene epoch to the later Pleistocene, known for upright walking.

Homo Habilis

An early species of human characterized by its use of stone tools, dating back to around 2.8 million years ago.

Brain Size

A measure of the volume or mass of the brain, often related to an organism's cognitive abilities, but not the sole determinant of intelligence.

Dentition

Refers to the development, arrangement, and number of teeth in animals and humans.