If the price of chocolate chip cookies falls, then
A) the supply curve of chocolate chip cookies shifts rightward.
B) the supply curve of chocolate chip cookies shifts leftward.
C) there is a movement downward along the supply curve of chocolate chip cookies.
D) there is a movement upward along the supply curve of chocolate chip cookies.
C
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In the long run, an increase in the money supply growth rate
a. raises expected inflation so the short-run Phillips curve shifts right. b. raises expected inflation so the short-run Phillips curve shifts left. c. reduces expected inflation so the short-run Phillips curve shifts left. d. None of the above is correct.
Which of the following would increase disposable personal income?
A) a decrease in transfer payments received B) a decrease in taxes paid C) a decrease in personal income D) All of the above would increase disposable income.