If inflation is less than expected, then the unemployment rate is
a. greater than the natural rate. In the long run the short-run Phillips curve will shift right.
b. greater than the natural rate. In the long run the short-run Phillips curve will shift left.
c. less than the natural rate. In the long run the short-run Phillips curve will shift right.
d. less than the natural rate. In the long run the short-run Phillips curve will shift left.
b
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The worst weekly decline in U.S. stock market history occurred during the week beginning with ________
A) March 20, 1933 B) December 7, 1941 C) September 12, 2001 D) October 6, 2008
The argument that money should be given instead of in-kind help to welfare recipients is based on the idea that
A. welfare recipients cannot be trusted to use the in-kind help properly. B. in-kind help is not wanted. C. money allows more options and maximizes individual freedom. D. in-kind assistance does not go through the market system.
If the interest rate is 4.5 percent, what is the present value of a payment of $500 to be made one year from today?
a. $457.14 b. $468.02 c. $478.47 d. None of the above are correct to the nearest cent.
The long-run aggregate supply curve shifts right if
a. either immigration from abroad increases or technology improves. b. immigration from abroad increases, but not if technology improves. c. technology improves, but not if immigration from abroad increases. d. None of the above are correct.