Which of the following is downward-sloping?
a. both the long-run Phillips curve and the long-run aggregate-supply curve
b. neither the long-run Phillips curve nor the long-run aggregate-supply curve
c. the long-run Phillips curve, but not the long-run aggregate-supply curve
d. the short-run Phillips curve, but not the long-run aggregate-supply curve
d
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The original source of capital is __________.
Fill in the blank(s) with the appropriate word(s).
The amount of a good that must be given up to produce another good is the concept of:
A. scarcity. B. specialization. C. opportunity cost. D. efficiency.
Explain how labor unions may create structural unemployment
What will be an ideal response?
Which of the following is part of M2?
A) checks B) credit cards C) currency held inside a bank D) none of these are part of M1 or M2