The study of how people behave strategically under different circumstances is called:

Ross is looking at a graph that shows the relation between inflation and unemployment. The graph measures the rate of inflation along the y-axis and the rate of unemployment along the x-axis. Among the points he observes on the graph (with y as the first value and x as the second) are (5, 4), (4, 4), (2, 4), and (1, 4). Ross is looking at a graph that shows a _____

a. short-run Phillips curve b. long-run Phillips curve c. short-run aggregate supply curve d. long-run aggregate supply curve

Which of the following will cause an outward (rightward) shift in the supply curve?

A) a reduction in the price of the good B) an increase in the price of labor input C) an increase in the number of consumers D) technological progress