Just as the aggregate-supply curve slopes upward only in the short run, the trade-off between inflation and unemployment holds only in the short run
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Which indicator shows how well a regression line fits through the scatter of data points?
A) F-test B) R2 C) t-test D) Durbin-Watson test
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Which of the following is TRUE of the price charged by a monopolistically competitive firm at the profit-maximizing level of output?
A) P > MC B) P = MC C) P = MR D) P < AVC
Economics