When the natural unemployment rate increases, the short-run Phillips curve ________ and the long-run Phillips curve ________

Joe Doakes is running for reelection. Economic theory predicts he has a strong incentive to

A) heavily discount the value of all future costs of his policies. B) try to provide as many benefits to his constituents as possible prior to the next election day. C) do both A and B above. D) do none of the above.

Purchases of Huggies diapers should

A) increase in recessions and decrease in expansions. B) decrease in recessions and increase in expansions. C) remain fairly constant over the business cycle. D) increase in recessions and remain constant in expansions.