If the expected future inflation rate decreases, then

A) aggregate demand increases.
B) short-run aggregate supply increases.
C) aggregate demand decreases.
D) long-run aggregate supply decreases.


C

Economics

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Indicate whether the statement is true or false

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What is the most likely effect of the development of cell phones on the pay phone industry?

a. the own price elasticity of pay phones increases b. the own price elasticity of pay phones decreases c. the price elasticity of home phones does not change d. none of the above

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Since measurable factors such as years of experience and years of education explain less than half of the variation in wages, ability, effort, and chance must play a significant role in determining wages

a. True b. False Indicate whether the statement is true or false

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