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:

Recruitment

The process by which new members join or are added to a population, often used in the context of ecological studies and workforce management.

Molecular Phylogenetics

A branch of phylogenetics that analyzes genetic, hereditary molecular differences, principally in DNA sequences, to gain information on an organism's evolutionary relationships.

Extinct Species

Species that no longer exist, with no living individuals left anywhere on Earth.

DNA Sequences

DNA sequences are the specific arrangements of nucleotides (adenine, thymine, cytosine, and guanine) on a strand of DNA that encode the genetic information of an organism.