Suppose that in 2015 a country has a population of 1 million and real GDP of $1 billion. In 2016, the population is 1.1 million and the real GDP is $1.1 billion. The real GDP per person growth rate is

Who answers the key economic questions in a centrally planned government?

(A) Government (B) Firms (C) Consumers (D) Households

Which of the following is upward-sloping?

a. both the long-run and the short-run Phillips curve b. neither the long-run nor the short-run Phillips curve c. the long-run Phillips curve, but not the short-run Phillips curve d. the short-run Phillips curve, but not the long-run Phillips curve