Individuals acting with self-interest:
a. always choose the same options as other rational individuals.
b. never do voluntary work.
c. always try to attain satisfaction at the expense of others.
d. choose options that give them the greatest amount of satisfaction.
e. have a perfectly elastic demand curve.
d
Economics
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Changes in which of the following shift the short-run Phillips curve?
i. changes in the natural unemployment rate ii. changes in the expected inflation rate iii. changes in the inflation rate A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii
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Two-thirds of sales tax revenues are collected by _____
a. the federal government b. state governments c. county governments d. city governments
Economics