A monetary policy which is likely to bring about a "soft landing" requires that interest rates be ________ while inflation is ________ and unemployment is ________ the natural level

If you buy a second-hand, American-made laptop computer to use for taking notes in your economics class, then it will be classified in GDP accounting as

a. a used good and not counted as part of GDP b. a consumption expenditure c. an investment expenditure d. a household expenditure e. a service good

The aggregate demand curve implies a vertical shape for the Phillips curve trade-off between inflation and unemployment

a. True b. False Indicate whether the statement is true or false