When a hard frost hits orange groves in Florida, the supply of orange juice ________ and price ________
A) increases; increases
B) increases; decreases
C) decreases; increases
D) decreases; decreases
C
Economics
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Which of the following generates productive efficiency?
A) government inspectors B) government production rules and regulations C) competition among sellers D) competition among buyers
Economics
The tradeoff for monetary policy represented by the Phillips curve is
a. lower inflation for lower output. b. lower inflation for higher unemployment. c. lower inflation for higher employment. d. higher expected inflation for higher output. e. none of the above.
Economics