List three things that shift the short-run Phillips curve to the right
1 . An increase in expected inflation.
2 . An increase in the natural rate of unemployment.
3 . An adverse supply shock.
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Total income in a country in 2012 is $780 billion. Total expenditure in the country
A) cannot be determined. B) is greater than $780 billion. C) is $780 billion. D) is less than $780 billion. E) is either less than or equal to $780 billion.
Describe how UPS has used positive technological change to improve its package handling and delivery schedule
What will be an ideal response?
Which of the following is NOT true about the aggregate demand curve?
A) The production possibilities curve determines the slope of the aggregate demand curve. B) The aggregate demand curve shows total planned real expenditures at different price levels. C) Changes in the economic conditions in other countries will lead to a shift of the aggregate demand curve. D) The aggregate demand curve considers the entire circular flow of income.
When unemployment rises above the natural rate it reflects the existence of ____ unemployment
a. frictional b. structural c. seasonal d. cyclical