Decreases in the NAIRU represent a:
A) leftward shift in the aggregate demand curve.
B) leftward shift of the long-run aggregate supply curve.
C) rightward shift of the long-run aggregate supply curve.
D) rightward shift in the aggregate demand curve.
C
Economics
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In order to discover anything about causal relationships in economics we must first have
A) all the relevant data. B) quantified data or statistics. C) scientific evidence. D) some kind of theory of how things fit together. E) the courage and civility to eliminate all biases and preconceptions from our thinking.
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Is the following a positive or normative statement? The Federal Reserve should set an inflation target and employ policies to meet the target
Economics