In the long run, an increase in the money supply growth rate
a. increases inflation and shifts the short-run Phillips curve right.
b. increases inflation and shifts the short-run Phillips curve left.
c. decreases inflation and shifts the short-run Philips curve right.
d. decreases inflation and shifts the short-run Phillips curve left.
a
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Refer to the table below. If Sweet Grams is a perfectly competitive firm and the market price $1.00 per unit, what is the profit-maximizing quantity for Sweet Grams to produce at Plant 1?
Sweet Grams makes graham cracker snack packages. Sweet Grams is a multi-plant firm with two production facilities. The above table summarizes the total marginal cost of production at various output levels in the separate plants. Assume Sweet Grams is a perfectly competitive firm.
A) 24,500
B) 27,000
C) 32,000
D) 22,500
Natural resources are
a. not considered scarce because no one pays for them b. only desired for use in producing other goods c. included in the category of resources called gifts of nature d. available in unlimited quantities e. not considered scarce because they are not produced by society
Refer to the figure below. If the demand curve can be characterized by the equation Q = 10 - P, how much increase in consumer surplus will occur when the price of avocados falls from $2.89 to $1.35?
The London Convention 1972 and the 1996 Protocol are aimed at the problem of
a. acid rain b. ozone depletion c. climate change d. dumping wastes at sea