The short-run tradeoff between the unemployment rate and the inflation rate shown by the Phillips curve is represented in the AS-AD model by
A) rightward shifts of the aggregate supply curve.
B) the downward-sloping aggregate demand curve.
C) the upward-sloping aggregate supply curve.
D) the vertical potential GDP line.
E) leftward shifts of the aggregate supply curve.
C
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If the marginal cost curve is below the average variable cost curve
A. both average total cost and average variable cost are decreasing. B. average variable cost is less than average fixed cost. C. both average total cost and average variable cost are increasing. D. average total cost is increasing but average variable cost is decreasing.
Central banks intervene directly in foreign exchange markets by buying and selling ________
A) exports and imports B) foreign currencies C) U.S. government debt D) discount loans
A technological advance that increases labor productivity will:
a. decrease the supply of labor as fewer workers are needed. b. increase the demand for labor as MP rises. c. decrease the demand for labor as fewer workers are needed. d. lower wages.
Which of the information below would NOT be part of a milestone schedule?
a. Stakeholder Judge b. Assumptions and Constraints c. Completion Date d. Acceptance Criteria