Refer to Figure 17-1. What should the Federal Reserve do if it wants to move from point A to point B in the short-run Phillips curve depicted in the figure above?

A pricing strategy that requires consumers pay an up-front fee plus an additional fee for each unit of product purchased is a

A) tying contract. B) two-part tariff. C) form of perfect price discrimination. D) none of these.

The invisible hand of the marketplace acts to allocate resources

a. efficiently but does not necessarily ensure that resources are allocated fairly. b. both fairly and efficiently. c. fairly but does not necessarily ensure that resources are allocated efficiently. d. neither fairly nor efficiently.