The Long-Run Phillips Curve Is Vertical,suggesting That ________

question 33

Multiple Choice

The Long-Run Phillips Curve is vertical,suggesting that ________.

• A)allowing inflation to rise will not succeed in keeping unemployment low
• B)changes in unemployment have no lasting impact on inflation
• C)shifts of the short-run Phillips curve impact inflation,but have no effect on unemployment
• D)all of the above
• E)none of the above

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Definitions:

Rheumatoid Arthritis

A chronic inflammatory disorder that typically affects the small joints in hands and feet, involving painful swelling and potential joint deformity.

Biceps Brachii

A muscle of the upper arm that flexes the elbow and rotates the forearm, consisting of two heads.

Flex

The action of tightening a muscle or muscles to make it or them stand out or become rigid, often demonstrating strength.

Extend

To stretch or spread out; to prolong in duration or space.