Because the benefits of basic research are obvious and easy to measure, it is likely that the public sector pays for the right amount and the right kinds of basic research

Suppose the natural unemployment rate is 4 percent and the expected inflation rate is 6 percent. In the figure below, illustrate the long-run Phillips curve

What does the long-run Phillips curve reveal abut the long-run tradeoff between inflation and unemployment?

The Robinson-Patman Act is primarily concerned with:

a. mergers. b. price fixing. c. price discrimination. d. monopoly. e. unfair and deceptive practices.