When the central bank announces the inflation rate that it will achieve over the next one to four years, it is following a strategy known as

Imagine that in 2015 the economy is in long-run equilibrium. Then stock prices rise more than expected and stay high for some time. Refer to Stock Market Boom 2015. Which curve shifts and in which direction?

a. aggregate demand shifts right b. aggregate supply shifts left. c. aggregate supply shifts right d. aggregate demand shifts left

Americans are always connected today, talking on the phone at home, while driving down the road and while shopping for groceries. But that wasn't always the case

In fact, it wasn't that long ago people had to go through an operator in order to get connected with the person they were trying to reach. How do cell phones impact the labor market for telephone operators? A) Decreased telephone operators' value of marginal product B) Increased the demand for telephone operators C) Increased the supply for telephone operators D) Decreased the marginal productivity of telephone operators