When there is extremely high and volatile inflation in an economy, the decision-making of firms leads to a very ________ SAS curve and thus relatively ________ cycles in real GDP

Temporary or permanent workers hired to replace striking union workers are known as

A) strikebreakers. B) backbreakers. C) rationers. D) strikeaiders.

How would the prices of sodas and cookies decreasing affect utility maximization?

A. Your budget line would not change but your indifference curve would get steeper to consume more of both goods. B. Your indifference curve would shift outward (to the right) and you could consume more. C. Your budget line would shift outward (to the right) and you could consume at a higher indifference curve. D. Your indifference curves would shift inward (to the left) and you would consume less of each good but have more extra money.