Refer to the graphs shown. Which of the graphs correctly depict the long-run Phillips curve?
A. A
B. B
C. C
D. D
Answer: A
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Information is a scarce good because
A) buyers typically know more than sellers about the products they are selling. B) competition encourages buyers and sellers to conceal a portion of what they know. C) its possession enables people to increase their wealth, and it cannot be acquired without cost. D) sellers typically know more than buyers about the products they are selling.
The Employment Act of 1946 continues to impact us today. It gives the federal government official responsibility in managing full-employment efforts in the U.S. through fiscal policy
Indicate whether the statement is true or false
A limitation one faces when shopping for clothes is the amount of time available to shop
a. True b. False Indicate whether the statement is true or false
The price tag on a tennis ball in 1975 read $0.10, and the price tag on a tennis ball in 2005 read $1.00 . The CPI in 1975 was 52.3, and the CPI in 2005 was 191.3 . The price of a 1975 tennis ball in 2005 dollars is
a. $0.03. b. $0.27. c. $0.37. d. $1.00.