If the price of flashlights in production increases, then supply of ______ would most likely increase.

Changes in the growth rate of the velocity of money can't permanently shift the AD curve because:

A. in the long run, the inflation rate is determined by the money supply growth rate. B. in the long run, the inflation rate is determined by the growth rate of the velocity of money. C. in the long run, the inflation rate will be equal to the Solow inflation rate. D. changes in the growth rate of the velocity of money shift the SRAS curve, not the AD curve.

One method unions use to ration available jobs among excess workers is

A) lengthy apprenticeships. B) to hire only white collar workers. C) collective bargaining. D) refuse to unionize.