What happens to the Phillips curve when the expected rate of inflation rises?
A) The curve shifts to the left. B) The curve becomes horizontal.
C) The Phillips curve is unaffected. D) The curve shifts to the right.
D
Economics
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In the figure above, a decrease in the price of a bag of potato chips would result in the budget line
A) making a parallel shift toward point a. B) making a parallel shift toward point c. C) becoming flatter. D) becoming steeper.
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In monopolistic competition, firms compete on product quality, price and marketing
Indicate whether the statement is true or false
Economics