The short-run Phillips curve is ________, and the long-run Phillips curve is ________
A) downward sloping; downward sloping
B) downward sloping; vertical
C) vertical; downward sloping
D) vertical; upward sloping
E) upward sloping; vertical
B
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In the multiple-polluter case, each firm faced with an emission charge imposed as a marginal tax (MT) abates as long as
a. its MAC
An individual who worked before and is now returning to the labor force is known as a ______.
a. job loser b. job leaver c. reentrant d. new entrant
Which of the following was not a direct contributor to the booming housing market in the 2000s?
A. People could get mortgages with little or no money down. B. People were expecting housing prices to keep on rising. C. Lending standards became loose. D. Contractionary policy was passed in 2001.
Financial account transactions occur
A) when an U.S. company purchases goods from a foreign company. B) because of cross-border flows of financial assets. C) when you move money from one U.S. bank to another U.S. bank. D) when an U.S. citizen purchases stock in an U.S. corporation.