If inflation expectations rise, the short-run Phillips curve shifts
a. right, so that at any inflation rate output is higher in the short run than before.
b. left, so that at any inflation rate output is higher in the short run than before.
c. right, so that at any inflation rate output is lower in the short run than before.
d. left, so that at any inflation rate output is lower in the short run than before.
c
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Which of the following provides health-care coverage to people age 65 and over?
A) Medicaid B) Social Security C) Medicare D) Health-Aid
Which of the following is incorrect? During the Great Recession U.S:
a. Wealth fell. b. Unemployment duration rose. c. Stock market rose. d. Inflation fell. e. All of the above are correct.
Which of the following allows member countries to import from other member countries freely, but imposes trade barriers against imports from outside countries?
A. A trade embargo B. A trade bloc C. A trade union D. A cultural union
Refer to the data provided in Table 11.1 below to answer the following question(s).
Table 11.1 
Refer to Table 11.1. If the interest rate is 28%, Nashbar Bicycle should
A. fund the remodeling of the distribution center and the on-site day care center. B. fund only the purchase of new tablet computers for its sales staff. C. not fund any of the projects. D. fund all of the projects.