If the ________ curve shifts from year to year and the ________ curve does not, then the short run Phillips curve would be downward sloping.
A. aggregate supply; aggregate demand
B. aggregate demand; aggregate supply
C. inflation; employment
D. employment; inflation
Answer: B
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Which of the following must cope with scarcity?
A. Individuals B. Companies C. Governments D. Families E. All of the responses are correct.
The costs of ensuring that the parties live up to the promises they made in bargaining are called
A) search costs. B) collectivization costs. C) negotiation costs. D) monitoring and enforcement costs.
Refer to Table 20-6. Consider the following values of the consumer price index for 1996, 1997, and 1998: The inflation rate for 1997 was equal to
A) 1.2 percent. B) 2.0 percent. C) 2.5 percent. D) 4.0 percent.
Compare currency board to conventional fixed exchange rate
What will be an ideal response?