Historically, Brazil has suffered higher and more variable rates of inflation than Venezuela
You would expect the short-run aggregate supply curve of Brazil to be ________ than that of Venezuela, and the short-run Phillips curve of Brazil to be ________ than that of Venezuela. A) flatter; flatter
B) flatter; steeper
C) steeper; flatter
D) steeper; steeper
D
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Auctions are valuable for selling items such as
a. Pens b. Artwork c. Standard automobiles d. All of the above
Using Figure 2 below, suppose that the economy started at PAE2. A potential change that could cause the economy to go from PAE2 to PAE1 might be:
A. consumption increases.
B. investment increases.
C. export increase.
D. government spending decreases.
When an economy is in long run equilibrium,
a. it will be impossible to sustain the current rate of output in the future. b. the interest rate will decline. c. the foreign exchange value of the dollar will tend to appreciate. d. the actual and natural rates of unemployment will be equal.
Show graphically the effect of technological advance on the price of music downloads. In a separate graph show what happens to the price of CDs as a secondary effect of the new download technology