Which of the following would shift the long-run Phillips curve to the right?
a. expansionary fiscal policy
b. an increase in the inflation rate
c. increases in unemployment compensation
d. None of the above is correct.
c
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It is true of the demand side of the market for input pricing that
a. the same marginal productivity principle serves as the foundation for the demand schedule for each type of input. b. the demand schedule for one input cannot be determined independently of demand schedules for other inputs. c. the demand curve is the complete MRP curve. d. any inward shift in demand for a commodity will result in outward shifts in the demand curves for the inputs used to produce the commodity.
Between 1970 and 2000, the Fed:
A. never published targets or actual amounts for money growth. B. published targets for money growth and rarely hit them. C. published their targets for money growth and often hit these targets. D. published actual money growth but not targets.
A change in ____ would have the strongest influence on a factor's MRP curve.
A. the factor's price B. the price of a complementary factor C. the price of a substitute factor D. the price of the final product
Increases in human capital will promote economic growth.
a. true b. false