A movement from an upper point to a lower point on the Phillips curve shows
a. decrease in the inflation and decrease in the unemployment.
b. increase in the inflation and decrease in the employment.
c. increase in the inflation and increase in the employment.
d. decrease in the inflation and increase in the unemployment.
d
Economics
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Making a choice at the margin means
A) letting someone else choose for you. B) waiting until the last minute to make a choice. C) deciding to do a little bit more or a little bit less of an activity. D) making a choice by comparing the total benefit and the total cost.
Economics
If economies of scale are significant, the typical firm will not reach the minimum point on its long-run average cost curve until it has produced a large fraction of industry sales
Indicate whether the statement is true or false
Economics