A snowmobile rental shop asked its best customer how often he would rent at various rates. Which of the following will show the data on a graph?
a. individual demand schedule
b. market demand schedule
c. individual demand curve
d. market demand curve
Ans: b. market demand schedule
Economics
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Economics
If the level of unemployment is below the natural rate of unemployment, it would be expected that:
a. the short-run Phillips curve will shift leftward, as inflationary expectations adjust. b. the inflation rate will increase c. the inflation rate will decrease. d. the long-run Phillips curve will shift rightward, as inflationary expectations adjust.
Economics