________ will cause a movement along the modern Phillips curve
A) An increase in oil prices
B) An increase in the price of imports
C) Wage agreements that include compensation for inflation
D) all of the above
E) none of the above
E
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Other things the same, which of the following responses would we expect from an increase in U.S. interest rates?
a. Your aunt puts more money in her savings account. b. Foreign citizens decide to buy fewer U.S. bonds. c. You decide to purchase a new oven for your cookie factory. d. All of the above are correct.
Which of the following is an example of a long-run adjustment?
A) Your university offers Saturday morning classes next fall. B) Ford Motor Company lays off 2,000 assembly line workers. C) A soybean farmer turns on the irrigation system after a month long dry spell. D) Walmart builds another Supercenter.