If the Fed lowers the inflation rate and initially expected inflation does not change, in the short run the unemployment rate ________, and in the long run the unemployment rate ________ the natural unemployment rate

Which item would probably have inelastic demand for a student?

(A) Sneakers (B) Ball point pen (C) School bus pass (D) Mouse pad

A common feature of regulated industries is cross-subsidization, which is a situation when one group of customers pays prices above costs while another group of customers pays prices below costs. The one group is subsidizing the other group

Is this practice more consistent with the capture hypothesis or the share-the-gains, share-the-pains theory? Explain.