The economy's self-correcting mechanism is such that demand shocks are offset in the long run by shifts of aggregate supply and supply shocks are offset by shifts of aggregate demand

There is evidence that the exchange-rate pass-through effect to import prices has been declining in developed economies, especially for the United States

Indicate whether the statement is true or false

Josh went to watch a movie, but decided to leave halfway and went for a walk to the nearby park. Which of the following is most likely to be true in this case? a. The price of the movie ticket represents a sunk cost

b. The opportunity cost of going for the walk is higher than the opportunity cost of watching the movie. c. Josh's marginal utility from walking increases as he walks more. d. Josh's marginal utility from watching another movie is the same as his marginal utility from walking another mile.