Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.

If the government places a new tax on the hiring of workers, then we would expect

a. both the short run and long run Phillips curve to shift to the right. b. both the short run and long run Phillips curve to shift to the left. c. the long run Phillips curve remains unchanged while the short run Phillips curve shifts to the right. d. the short run Phillips curve remains unchanged while the long run Phillips curve shifts to the right. e. none of the above.

A sudden rise in the market demand in a competitive industry leads to

a. A short run market equilibrium price higher than the original equilibrium b. A market equilibrium higher than the short run price c. Some firms exiting the market d. All of the above