Other things the same, if the Fed increases the rate at which it increases the money supply then the short-run Phillips curve shifts right in the long run
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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The primary objective of most private firms is to:
A. maximize output. B. maximize revenue. C. maximize profit. D. minimize cost.
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What is a commitment device?
What will be an ideal response?
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The best example of a public good is
A. education. B. national defense. C. automobiles. D. electricity.
Economics
Which of the following observations is true of business norms?
A. They are somewhat like a company's mission. B. They are equivalent to contract laws. C. They are standards of accepted behavior. D. They are the same as product quality standards.
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