The United States imports garments from third world countries. This means that if the U.S. economy were closed, the domestic price of goods would be ________ the world price of garments.

A demand curve for The Steel Porcupines' concert tickets would show the:

a. number of tickets the box office is willing to sell at various prices. b. number of people who need tickets. c. quality of people who want to buy these concert tickets. d. number of tickets that will be purchased at various prices.

In the long run,

a. the natural rate of unemployment depends primarily on the level of aggregate demand. b. inflation depends primarily upon the money supply growth rate. c. there is a tradeoff between the inflation rate and the natural rate of unemployment. d. All of the above are correct.