If the expected inflation rate is unchanged, a fall in the natural rate of unemployment would
A) shift the short-run Phillips curve to the right.
B) not shift the short-run Phillips curve.
C) shift the short-run Phillips curve to the left.
D) shift the short-run Phillips curve to the left and shift the long-run Phillips curve to the right.
C
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As more economic development occurs
A) the population growth rate increases. B) technological progress slows. C) capital accumulation decreases. D) the population growth rate decreases.
In a game with more than three players, the vertical axis on the left side of the graph measures payoffs and the vertical axis on the right side of the graph measures the number of players
Indicate whether the statement is true or false
A recent economics graduate is looking for a position as an industrial economist. During the period this individual starts looking for a job and ultimately finds one, he may be classified as:
a. seasonally unemployed. b. frictionally unemployed. c. cyclically unemployed. d. structurally unemployed. e. occasionally unemployed.
In general, a firm's efficiency decision will result in
A. An unpolluted environment. B. A pollution-causing production process if that process minimizes costs. C. Lower prices for products associated with a pollution-causing production process. D. A plant that maximizes profits.