A given short-run Phillips curve shows that an increase in the inflation rate will be accompanied by a lower unemployment rate in the short run

The above table shows the short-run total product schedule for the campus book store. When the fifth employee is hired, the marginal product is ________ and is ________ the average product

A) increasing; greater than B) increasing; less than C) decreasing; greater than D) decreasing; less than

If house purchases and renting an apartment are substitutes, then an increase in the price of a new house results in a rise in the rent charged for apartments

Indicate whether the statement is true or false