If the natural rate of unemployment is 6%, but the Fed thinks it is 5% and attempts to use monetary policy to move unemployment from 6% to 5%, then in the short run which of the following variables will the Fed's policy raise?

If the market for maple syrup is perfectly competitive, then in the long-run equilibrium, firms are

A) entering the market. B) exiting the market. C) making zero economic profit. D) temporarily shutting down.

Economists avoid using surveys because people often ______.

a. get confused when filling out surveys b. mislead when filling out surveys c. forget to answer certain questions d. don’t have the time to answer all the questions