If the short-run Phillips curve was a straight line with a very steep slope, the inflation costs of reducing unemployment:
a. are fairly low
b. are fairly high.
c. depend on the current rate of inflation.
d. rises as the economy approaches full employment.
b
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Refer to the scenario above. If Lawland's net factor payments from abroad equals zero and net transfer payments from abroad is negative, ________
A) Lawland is likely to experience a net outflow of assets B) Lawland is likely to experience a current account surplus C) Lawland is likely to experience a current account deficit D) Lawland is likely to stop trading with its trading partners A country imported goods and services worth $40 billion and exported goods and services worth $37.8 billion during a particular year.
Krystal runs a nail salon and needs to decide how many hours to stay open. Table 2.2 illustrates her marginal costs of staying open for each additional hour. Suppose that we observe Krystal staying open 4 hours per day
If she is following the marginal principle, what must her marginal benefit be? A) $12 B) $18 C) $24 D) $30
Explain how the courts have ruled on price fixing
What will be an ideal response?
Knowledge workers are becoming more common relative to production workers
Indicate whether the statement is true or false