A basis for the slope of the short-run Phillips curve is that when unemployment is high there are
a. downward pressures on prices and wages.
b. downward pressures on prices and upward pressures on wages.
c. upward pressures on prices and downward pressures on wages.
d. upward pressures on prices and wages.
a
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Torrie is thinking of starting up a small business selling hand-painted wine glasses. She is considering setting up her business as a corporation. What is one advantage to Torrie of setting up her business as a corporation?
A) By setting up the business as a corporation, Torrie would have both ownership and control over the business. B) By setting up the business as a corporation, Torrie would not face double taxation. C) By setting up the business as a corporation, Torrie would have the ability to share risk with shareholders. D) All of the above would be advantages of setting up her business as a corporation.
When the Fed supplies the banking system with an extra dollar of reserves, deposits ________ by ________ than one dollar—a process called multiple deposit creation
A) increase; less B) increase; more C) decrease; less D) decrease; more