A tax system in which tax rates fall as incomes rise is

If a company believes the business sector is saturated with competitors, which of the following should it consider?

a. Product differentiation b. A buy-out or acquisition of some of the competition c. Create a price war with the competition d. Relocation of the business

The short-run Phillips curve intersects the long-run Phillips curve where

a. the actual rate of inflation equals the expected rate of inflation. b. the actual rate of unemployment equals the natural rate of unemployment. c. Both A and B are correct. d. None of the above is correct.