In the long run, the unemployment rate is independent of inflation, and the Phillips curve is vertical at the natural rate of unemployment.

What are some of the likely consequences of price ceilings on agricultural inputs?

What will be an ideal response?

When drawn against the real interest rate, the output demand curve unambiguously shifts to the right if either or both of the following occur

A) an increase in current taxes and an increase in future taxes B) an increase in current taxes and a decrease in future taxes C) a decrease in current taxes and an increase in future taxes D) a decrease in current taxes and a decrease in future taxes