Which following segment(s) of the aggregate supply curve represents the Phillips curve trade-offs?
a. horizontal segment
b. horizontal and the intermediate segments
c. intermediate segment
d. intermediate and the vertical segments
e. vertical segment
C
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Microeconomics is concerned with the study of
A) the effects of inflation. B) the effects of government spending. C) the effects on individual producers of higher wages paid to workers. D) aggregates.
The following is NOT an example of a potential monitoring solution to moral hazard
a. blocking social network sites on company computers b. rejecting a job candidate that fails to show up at the allotted interview time c. GPS tracking devices in repair trucks d. listening in on call center conversations
Lower real interest rates in the United States (relative to foreign real interest rates) will lead to a(n) ________________ of the dollar and a ______________ shift of the U.S. SRAS curve
A) appreciation; rightward B) appreciation; leftward C) depreciation; rightward D) depreciation; leftward
International capital flows increase the power of monetary policy.
Answer the following statement true (T) or false (F)