In the Long Run ________

question 3

Multiple Choice

In the long run ________.

• A)the aggregate supply is vertical with respect to unemployment
• B)the Phillips curve is vertical at a given level of expected inflation
• C)the economy reaches the potential output level consistent with the natural rate of unemployment
• D)all of the above
• E)none of the above

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Definitions:

SIDS

Sudden Infant Death Syndrome, the unexplained death of a healthy baby less than a year old during sleep, with no cause found after a thorough investigation.

Phonemes

The smallest sound segment in a language that can differentiate one word from another.

Perceive

To become aware of or the process of becoming aware of something through the senses.

Tastes

The sensations produced when a substance in the mouth reacts chemically with taste receptor cells located on taste buds.