For a normal good, an expected increase in income would:
a. shift demand to the right

The primary differences in economic structure among different countries relate to ownership of resources and the manner in which economic activities are coordinated

a. True b. False

If the actual price level is higher than the expected price level, the economy will: a. have no structural unemployment. b. experience a recession

c. experience stagflation. d. expand output in the short run. e. have no seasonal unemployment.