The original Phillips curve depicted an inverse relationship between wage inflation and unemployment

What is offshore outsourcing? Who benefits from it and who loses?

What will be an ideal response?

Let D = demand, S = supply, P = equilibrium price, Q = equilibrium quantity. What happens in the market for solar panels if the government offers tax breaks to encourage manufacturers to produce more solar panels?

A) S increases, D no change, P decreases, Q increases. B) D increases, S no change, P and Q increase. C) D and S increase, P and Q decrease. D) D no change, S increases, P decreases, Q decreases.