According to the "rational expectations" school of thought in macroeconomics, the short-run Phillips curve is ________ in face of anticipated changes in monetary policy

Which of the following would likely cause the greatest deadweight loss?

a. a tax on cigarettes b. a tax on salt c. a tax on cruise line tickets d. a tax on gasoline

In the U.S. economy, labor receives

A. the lowest share of income. B. the highest share of income. C. about a quarter of income. D. about three-quarters of income.