The long-run Phillips curve is a (an) _____________line at the natural rate of unemployment.

The interest-rate-based transmission mechanism assumes that the Fed can stimulate investment by

A) selling bonds. B) buying bonds. C) raising the discount rate relative to the federal funds rate. D) raising the required reserve ratio.

A college requesting applicants to submit their high school transcripts is an example of:

A. signaling. B. statistical discrimination. C. screening. D. building a reputation.