When expectations of inflation are revised upward, the short-run Phillips curve:
a. shifts rightward.
b. becomes steeper.
c. shifts leftward

Robert applied for health insurance but did not mention in the application form that his family has a history of heart ailments that are considered to be hereditary. What will happen if several customers like Robert purchase the insurance?

What will be an ideal response?

Which of the following is NOT a part of the income approach to determining GDP?

A) rental income B) gross private domestic investment C) net interest D) indirect business taxes