Which parable describes the problem of wild animals that are hunted to the point of extinction?

Suppose the economy is in equilibrium with an output gap equal to zero and the actual inflation rate equals the expected inflation rate

If the economy experiences a negative demand shock, real GDP will become ________ potential GDP and the economy will move to the ________ along an existing Phillips curve. A) greater than; right B) greater than; left C) less than; right D) less than; left

In economic analysis, people's resources are

A) limited and their wants are unlimited. B) unlimited and their wants are also unlimited. C) limited and their wants are also limited. D) unlimited and their wants are limited.