There is a tendency for inflation rates to fall in countries that use inflation targeting

Explain why the short-run aggregate supply curve is a relatively flat, horizontal line

What will be an ideal response?

The figure above shows a production possibilities frontier. In the figure, the economy faces a tradeoff when ________ cell phones and ________ DVDs. are produced

A) 2 million; 9 million B) 4.5 million; no C) 3 million; 8 million D) 5 million; 15 million E) 3 million; 9 million