Which of the following is true?
a. Inflation and unemployment rates can both increase in the short run in response to negative supply shocks.
b. Inflation and unemployment rates cannot both decrease in the short run in response to reduced aggregate demand.
c. Inflation and unemployment rates can both decrease in the short run in response to positive supply shocks.
d. All of the above are true.
d
Economics
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The price that buyers pay after the tax is imposed is
A. $24 B. $8 C. $16 D. $10
Economics
How does a quota affect the consumer surplus and the producer surplus from the imported good? Is the overall economy helped or harmed by quotas? Briefly explain your answers
What will be an ideal response?
Economics