Increases in the prices of imported energy in 2002-2008 caused the aggregate supply curve to shift inward
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Suppose the natural unemployment rate is 4 percent and the expected inflation rate is 6 percent. In the figure below, illustrate the long-run Phillips curve
What does the long-run Phillips curve reveal abut the long-run tradeoff between inflation and unemployment?
Economics
Bid-rigging is less likely in
a. oral auctions b. second-price auctions c. first-price sealed-bid auctions d. all are equally likely
Economics