The long-run Phillips curve is a vertical line because

A) there is no relationship between the natural unemployment rate and the inflation rate.
B) real GDP does not depend on the unemployment rate.
C) in the long run, the natural unemployment rate increases when inflation increases.
D) the unemployment rate decreases when the inflation rate increases.
E) the natural unemployment rate only depends on the inflation rate.


A

Economics

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Which of the following explains why flood control is a public good?

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Refer to the information provided in Figure 13.9 below to answer the question(s) that follow.  Figure 13.9 Refer to Figure 13.9. If Ohio Edison is forced to act as a perfect competitor (instead of the monopoly level), the net social gain is

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