Deregulation will cause the Phillips curve to shift to the right.
Answer the following statement true (T) or false (F)
False
Deregulation will cause the Phillips curve to shift to the left because the AS curve shifts to the right in response to this supply-side policy.
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Why do few avocados rot, even though in some seasons of the year far more avocados are harvested than in other seasons of the year?
A) Consumers realize it would be inefficient to let avocados rot. B) Growers vary their advertising efforts with the season of the year. C) Prices fluctuate sharply as supplies increase or decrease. D) The taste for avocados varies proportionately to the supply.
Refer to Table 13-4. At Victoria's profit-maximizing output
A) total revenue equals $24 and total cost equals $20. B) profit equals $2. C) total revenue equals $21 and total cost equals $17. D) total revenue equals $25 and total cost equals $22.
Combinations of two goods along the indifference curve yield:
a. equal prices for the two goods. b. equal marginal utilities. c. the same total utility. d. zero total utility.
Checking accounts are not considered a part of M1 money supply because checks are not legal tender and are usually not accepted as a medium of exchange
Indicate whether the statement is true or false