In the short run, an increase in inflation by the Fed not matched by an increase in the expected inflation rate results in ________ in the long-run Phillips curve and ________ in the short-run Phillips curve
A) no change; a downward shift
B) a rightward shift; an upward shift
C) a rightward shift; a downward shift
D) no change; no change
E) a leftward shift; an upward shift
D
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The portion of national debt owned by foreigners does constitute a burden on the nation as a whole.
Answer the following statement true (T) or false (F)
A recent study has revealed that the unemployment rate in Eduland has been increasing over the last few years. What will be the impact of an increase in government spending in Eduland?
What will be an ideal response?
Refer to the figure above. If A forms a customs union with B, it will import
A) 400 units from B. B) 200 units from C. C) 200 units from each. D) 400 units from B and 200 units from C.
As price decreases and we move down further along a linear demand curve, the price elasticity of demand will:
a. decrease. b. increase. c. stay the same. d. approach infinity. e. increase or decrease.