A change in expected inflation shifts
a. the short-run Phillips curve, but not the long run Phillips curve.
b. the long-run Phillips curve, but not the long run Phillips curve.
c. neither the short-run nor the long-run Phillips curve.
d. both the short-run and long-run Phillips curve right.
a
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To attract more bidders, and more aggressive bidders, to your auction
a. withhold relevant information about the value of the object b. don't allow bidders to know how others are bidding c. do not allow potential bidders to examine the object too closely d. hold oral auctions
Why are a large number of IT jobs being outsourced to China and India?
a. India and China experience large balance of payment deficits. b. India and China are highly capital intensive economies. c. India and China have abundant supply of cheap skilled labor. d. India and China offers the best working conditions for the employees. e. India and China experiences balance of payment surpluses.
Given the information that follows, how much is the Foley family business's (a) accounting profits? (b) Economic profits? Sales: $4 million; total costs: $3.7 million; return they could have earned elsewhere: $80,000; wages the family members could have earned doing the same work for another firm: $250,000.
What will be an ideal response?
As the economy nears the end of a recession, which of the following do we typically see?
A) further decreases in consumer spending B) increased spending on capital goods by firms C) increasing interest rates D) all of the above