If expected inflation rises, the long-run Phillips curve will
A) become negatively sloped. B) shift to the left.
C) shift to the right. D) not be affected.
D
Economics
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The fact that invention is based largely on fixed costs and is a public good means that which of the following is not relevant to the process?
A. Average total cost B. Marginal cost C. External cost D. Average variable cost
Economics
When an American buys a factory in China, the transaction is registered a credit in the U.S. capital account.
Answer the following statement true (T) or false (F)
Economics