A decrease in cyclical unemployment will
A) shift the short-run Phillips curve to the left.
B) shift the long-run Phillips curve to the left.
C) decrease the natural rate of unemployment.
D) All of the above are correct.
E) None of the above is correct.
E
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An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
Why would a company continue to operate for many years while never once turning a profit rather than shut down immediately? Using revenue and cost analysis, explain when the company would shut down
What will be an ideal response?
Vertical contracts generally run ______the goals of the customers
a. Indifferent to b. In line with c. Contrary to d. None of the above
Suppose a cup of coffee at the campus coffee shop is $2.50 and a cup of hot tea is $1.25 and that a student's beverage budget is $20 per week. What is the most cups of tea the student could buy?
a. 20 b. 16 c. 10 d. 8