If expected inflation decreases does the short-run Phillips curve shift? If so, what direction does it shift? Does the long-run Phillips curve shift? If so, what direction does it shift?

If the painting firms in a city sign a contract outlining a pricing plan, they are involved in

A) price regulation. B) collusion. C) price competition. D) a legal form of business contract in the United States.

Which of the following is an example of a vertical merger?

A) Northeastern Illinois University merging with McDonald's. B) Northeastern Illinois University merging with a training academy for new professors. C) Northeastern Illinois University merging with Roosevelt University. D) Northeastern Illinois University going from a public to a private university.