The mound-shaped yield curve in the figure above indicates that the inflation rate is expected to

A) remain constant in the near-term and fall later on.
B) fall moderately in the near-term and rise later on.
C) rise moderately in the near-term and fall later on.
D) remain unchanged in the near-term and rise later on.

C

Economics

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Any resources that are made by humans and used to create other goods and services are called:

a) services b) production c) capital d) labor

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Comparative advantage is illustrated by the slopes of production possibilities frontiers

a. True b. False Indicate whether the statement is true or false

Economics