If the United Auto Workers union can obtain a substantial wage increase for auto workers, there will be
a. a decrease in the supply of automobiles, which is a shift to the right of the supply curve.
b. a decrease in the supply of automobiles, which is a shift to the left of the supply curve.
c. an increase in the supply of automobiles, which is a shift to the right of the supply curve.
d. an increase in the supply of automobiles, which is a shift to the left of the supply curve.
B
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The federal government has a Constitutional requirement to operate a balanced budget each fiscal year
Indicate whether the statement is true or false
In the figure above, the shift from the short-run Phillips curve SRPC0 and the long-run Phillips curve LRPC0 to the short-run Phillips curve SRPC2 and the long-run Phillips curve LRPC2 is the result of ________ in the expected inflation rate and
________ in the natural unemployment rate. A) a decrease; a decrease B) an increase; an increase C) no change; a decrease D) an increase; no change E) a decrease; an increase