If the expected inflation rate is unchanged, a fall in the natural rate of unemployment would
A) shift the short-run Phillips curve to the right.
B) not shift the short-run Phillips curve.
C) shift the short-run Phillips curve to the left.
D) shift the short-run Phillips curve to the left and shift the long-run Phillips curve to the right.
C
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Which of the following would be least likely to lead the Justice Department and the FTC to block a proposed horizontal merger?
A) A finding that the resulting firm might be able to unilaterally affect price and output. B) A finding that the potential for entry into the market by new firms would be adversely affected. C) A finding that the potential for coordination among sellers in the market would be enhanced. D) A finding that resulting cost savings and efficiencies would offset any increase in market power.
U.S. savings bonds and corporate bonds are referred to by economists as unearned money
Indicate whether the statement is true or false