If the short-run aggregate supply curve is shifting left:
a. the short-run Phillips curve is shifting left.
b. the short-run Phillips curve is shifting right.
c. the long-run Phillips curve is shifting right.
d. the long-run Phillips curve is shifting left.
b
Economics
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Globalization has given U.S. consumers a wider variety of gourmet food products from which to choose and has lowered the prices of these products in general
This, in turn, has encouraged consumers to buy more gourmet food items, which has ________ the amount of cooperative surplus for the buyers and sellers of gourmet food products. A) increased B) decreased C) not changed D) reduced to zero
Economics
How do economists try to disentangle cause and effect?
What will be an ideal response?
Economics