Which of the following will occur because of a rightward shift of the Phillips curve?
A. A trade-off between unemployment and inflation.
B. A decrease in both unemployment and inflation.
C. Stagflation.
D. A rightward shift of aggregate demand.
Answer: C
Economics
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What is the initial impact on reserves of a $2,000 deposit if the reserve ratio is 10%?
a. $200 in excess reserves and $1,800 in required reserves b. $1,800 in excess reserves and $200 in required reserves c. $2,00 in excess reserves and zero required reserves d. zero excess reserves and $2,000 in required reserves
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If the market is defined more narrowly to only include a more restricted range of products, then the Herfindahl index will:
A. Increase B. Decrease C. Not be affected D. Either increase or decrease
Economics