The tradeoff for monetary policy represented by the Phillips curve is
a. lower inflation for lower output.
b. lower inflation for higher unemployment.
c. lower inflation for higher employment.
d. higher expected inflation for higher output.
e. none of the above.
B
Economics
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If the Fed buys more bonds from the public, then the money supply will:
A. Decrease and the aggregate demand curve will shift to the right. B. Increase and the aggregate demand curve will shift to the right. C. Increase and the aggregate demand curve will shift to the left. D. Decrease and the aggregate demand curve will shift to the left.
Economics
For the monopoly shown in the figure above, the economic profit is
A) $0. B) $10. C) $40. D) $100.
Economics