Economists Who Argue That the AS Curve Is Vertical in the Long

question 83

Multiple Choice

Economists who argue that the AS curve is vertical in the long run at potential output also argue that in the long run, the ________ is vertical at the natural rate of unemployment.

• A) Phillips curve
• B) aggregate demand curve
• C) aggregate expenditures curve
• D) production possibility curve

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Definitions:

Lordosis

Abnormal anterior curvature of the lumbar spine.

Axial Skeleton

Consists of the bones along the body's long axis, including the skull, vertebral column, and rib cage, supporting the central part of the body.

Spinal Column

The structure consisting of vertebrae protecting the spinal cord and supporting the body; also known as the vertebral column.

Skull

The bony structure that forms the head in vertebrates, housing and protecting the brain.