Which of the following would be strictly a microeconomic topic?
a. a general rise in interest rates
b. a drop in inflation
c. an increase in total production in the United States
d. a drop in the nation's unemployment rate
e. an increase in the price of the Ford Taurus
E
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Peanut butter and jelly are complements for consumers. In 2015, the price of peanut butter increased. As a result, the ________ increased, which led to ________ in the price of jelly and ________ in the quantity of jelly
A) demand for jelly; a decrease; a decrease B) supply of jelly; a decrease; an increase C) supply of jelly; an increase; a decrease D) demand for jelly; an increase; an increase
The long-run Phillips curve is consistent with monetary neutrality implied by the classical dichotomy
a. True b. False Indicate whether the statement is true or false