If the Fed attempts to reach and maintain very low rates of unemployment, we would expect the rate of inflation to rise

A learning curve relates ________ to ________ and is a case of ________ returns

A) unit cost; cumulative production; dynamic increasing returns B) output per time period; long-run marginal cost; dynamic increasing returns C) unit cost; cumulative production; dynamic decreasing returns D) output per time period; long-run marginal cost; dynamic decreasing returns E) labor productivity; education; increasing marginal returns

The effect of a quota is to

A) increase quantity supplied and lower price. B) increase quantity supplied and increase price. C) increase demand for the good and increase price. D) reduce quantity supplied and raise price.