In the early 1960s, the discovery of the Phillips curve relationship caused economists and policy makers to think that they understood the trade-offs between:
a. aggregate supply and aggregate demand.
b. interest rate and investment.
c. inflation and unemployment

The Mayor of Stuckeyville is considering increasing the tax on bowling. He is confident that tax revenues will increase but recognizes the possibility that they may decrease. The mayor is engaging in

A. a policy that will cause the tax base to increase. B. a policy that will cause the tax base to remain unchanged. C. dynamic tax analysis. D. static tax analysis.

Refer to the information provided in Figure 8.6 below to answer the question(s) that follow.  Figure 8.6 Refer to Figure 8.6. Curve 1 is Outdoor Equipment's

A. marginal cost curve. B. average fixed cost curve. C. average variable cost curve. D. average total cost curve.