In the United States, the observed Phillips curve is

A) unstable over time.
B) stable over time.
C) never discernible.
D) not a curve, but a straight line.

A

Economics

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Which of the following changes aggregate supply and shifts the AS curve?

i. a change in the price of a major resource ii. increases in the amount of capital iii. a change in the money income of consumers A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii

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Incentive-based regulations provide polluters no incentive to reduce pollution and are thus not used often.

A. True B. False C. Uncertain

Economics