In the United States, a "buy American" act was passed in 1933 to create larger markets for domestic goods

The actual rate of inflation is equal to the expected rate of inflation along the:

a. downward-sloping Phillips curve. b. upward-sloping aggregate supply curve. c. horizontal aggregate supply curve. d. downward-sloping aggregate demand curve. e. vertical Phillips curve.

Suppose the price change of a good causes no change in quantity demanded, we would say that the item is

A) perfectly elastic. B) perfectly inelastic. C) infinitely elastic. D) unitary elastic.