If changes in inflation are higher than expected,
A) the long-run Phillips curve will be negatively sloped.
B) the short-run Phillips curve will be positively sloped, but not vertical.
C) the short-run Phillips curve will be vertical.
D) the short-run Phillips curve will be negatively sloped.
D
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Equilibrium is reached where there is no inherent force causing quantity supplied or quantity demanded to change.
Answer the following statement true (T) or false (F)
How does contractionary monetary policy affect net exports in the short run?
A) Contractionary monetary policy reduces exports and increases imports. B) Contractionary monetary policy increases exports and reduces imports. C) Contractionary monetary policy increases exports and increases imports. D) Contractionary monetary policy reduces exports and reduces imports.
The U.S. labor movement started
A) with local craft unions composed of workers who engaged in a particular trade or skill, such as baking, carpentry or plumbing. B) during the Civil War. C) after World War I. D) with the Knights of Labor, an organized group of both skilled and unskilled workers.
Regulation of enterprises by the government has always been found to make the market more efficient
a. True b. False Indicate whether the statement is true or false