The Phillips curve implies a positive relationship between inflation and unemployment.

In the above figure if money income increases, the budget line

A) shifts outward and its slope does not change. B) shifts inward and its slope does not change. C) rotates outward and becomes steeper. D) rotates outward and becomes more shallow.

When there is a tendency for a particular product to come into favor with additional consumers because other consumers have chosen to purchase the product

A) negative market feedback occurs. B) positive market feedback occurs. C) there is no dominant strategy. D) a price war must result.