According to the short-run Phillips curve, which of the following would result in high rates of unemployment?
A) strong increases in aggregate demand B) strong increases in aggregate supply
C) a higher inflation rate D) a lower inflation rate
D
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Poor countries often have difficulty investing in capital because
a. development assistance is designed in increase consumer goods. b. multinational corporations do not bring technological advances into poor countries. c. the population is living at subsistence level and cannot afford to save. d. they suffer from the cost disease of personal services.
A system of tradable air pollution permits has the advantage of
A. eliminating all environmental liability for participating polluters. B. ensuring that the goal amount of abatement occurs at the lowest social cost. C. rewarding efficient abatement effort at the expense of inefficient abatement efforts. D. reducing the total amount of air pollution.