A rightward shift of the short-run aggregate-supply curve results in a more favorable trade-off between inflation and unemployment
a. True
b. False
Indicate whether the statement is true or false
True
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Households act as suppliers when they provide
a. goods and services to firms and governments b. resources to firms and governments c. tax payments to governments d. the demand for only what firms supply or make available e. money to firms in exchange for goods and services
Which of the following words best reflects the initial attitude of less-developed countries toward GATT?
a. grateful, because it provided them with subsidies b. proud, because it recognized the special status they had in world trade c. unknowing, because it started out as a secret organization d. annoyed, because they saw it as a rich man's club e. terrified, because it seemed as if it was designed to reimpose colonialism