In the United States, the Phillips curve is not stable in that
A) the intercept of the Phillips curve changes over time, but the slope does not change.
B) the intercept and slope of the observed Phillips curve change over time.
C) the slope of the Phillips curve changes, but its intercept does not change.
D) it changes from a curve to a circle.
B
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When consumption expenditure is ________ disposable income, saving is ________
A) greater than; positive B) equal to; positive C) less than; positive D) less than; negative E) equal to; negative
Briefly explain why the law of one price does not hold closely for most products that are traded internationally.
What will be an ideal response?
Goodwill is a type of tangible capital.
Answer the following statement true (T) or false (F)
Refer to Figure 4-3. If the market price is $2.50, what is the maximum number of ice cream cones that Kendra will buy?
A) 1 B) 2 C) 3 D) 4