An increase in aggregate demand tends to cause a ____ a short run Phillips curve at first, then cause a ____ in the short run Phillips curve as people adjust their expectations.
a. Movement up along; upward shift

Brand management refers to

A) the efforts to maintain the differentiation of a product over time. B) selling the right to use a brand name in a particular market. C) picking a brand name for a new product that will attract attention. D) efforts to reduce the cost of production.

Which of the following is a characteristic or focus of economics?

A) allocation of limited resources in an effort to satisfy potentially unlimited wants B) decision making C) empirical analysis D) all of the above