If workers and firms lower their inflation expectations
A) actual inflation will fall to match expected inflation.
B) unemployment will rise.
C) the short-run Phillips curve will be vertical.
D) the short-run Phillips curve will shift downward.
D
Economics
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An equilibrium in game theory in which the players make and share the monopoly profit is called
A) the Nash equilibrium. B) the cooperative equilibrium. C) a contestable market equilibrium. D) limit pricing.
Economics
Explain how economists use random experiments
What will be an ideal response?
Economics