The vertical long-run Phillips curve
a. shows the Fed's employment options
b. is vertical because the Fed refuses to change the unemployment rate in the long run
c. indicates that the Fed cannot affect the unemployment rate in the long run
d. is fixed permanently
e. measures recessionary pressures
C
Economics
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A merger between the Ford Motor Company and General Motors would be an example of a
A) vertical merger. B) horizontal merger. C) conglomerate merger. D) trust.
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