A(n) ________ multiplies delayed utils to translate them into current utils

How does the aggregate demand and aggregate supply model return to long-run equilibrium after an increase in spending growth?

A. The SRAS curve shifts up and to the left as inflation expectations adjust. B. The AD curve shifts back to the left as inflation expectations adjust. C. The AD curve shifts out to the right as inflation expectations adjust. D. The SRAS curve shifts down and to the left as inflation expectations adjust.

The quantitative importance of U.S. protection of the domestic clothing industry is best explained by the fact that

A) this industry is an important employer of highly skilled labor. B) this industry is an important employer of low skilled labor. C) most of the exporters of clothing into the U.S. are poor countries. D) this industry is a politically well organized sector in the U.S. E) the technology involved is very advanced.