The short-run Phillips curve is
A) U-shaped.
B) vertical at the natural unemployment rate.
C) upward sloping.
D) downward sloping.
E) horizontal at the expected inflation rate.
D
Economics
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One problem with the utilitarian principle is that it ignores
A) increasing marginal costs. B) decreasing marginal benefits. C) the costs of making income transfers. D) poor people.
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If a firm is achieving economic efficiency it must also be achieving technological efficiency
Indicate whether the statement is true or false
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