Which of the diagrams best portrays the effects of a substantial reduction in government spending?
Use the following diagrams for the U.S. economy to answer the following question.
A. A.
B. B.
C. C.
D. D.
D. D.
Economics
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If actual inflation differs from expected inflation, what is the slope of the Phillips curve?
a. It is horizontal in the short and long run. b. It is upward sloping in the short run and vertical in the long run. c. It is vertical in the short run and upward sloping in the long run. d. It is downward sloping in the short run and vertical in the long run.
Economics
Suppose you invest $10,000 at 7% interest to be withdrawn by your heirs in 100 years. According to the rule of 70, approximately how much will your heirs be able to withdraw?
Economics