A ban on imports, a tariff, or a quota raise the price to domestic consumers. This means that consumers will buy less of the product at a higher price. The loss associated with this is called

Pain, suffering and disfigurement are forms of

a. compensatory damages b. punitive damages c. economic damages d. all of the above.

All points on the long run Phillips curve that are sustainable in the long run due to economy's self correcting mechanism correspond to

a. the mature rate of unemployment. b. the natural rate of unemployment. c. the seasonal rate of unemployment. d. the cyclical rate of unemployment.