During the last decade, the price of shoes rose substantially yet people bought more pairs of new shoes each year. This experience suggests that the

Traditionally, economists regarded improvements in technology as

A) unrelated to economic growth in any systematic way. B) the most important factor that helped explain economic growth, and basically the only factor that would cause economic growth. C) an important factor in explaining economic growth that was due to economic forces that also could easily be explained. D) an outside factor that helped explain economic growth.

A tradeoff between inflation and unemployment is shown directly by the __________ curve

A) Fisher B) Phillips C) Friedman D) aggregate demand