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Author Question: Workers expect inflation to rise from 3 to 5 next year. As a result, this should A) move the ... (Read 20 times)

Sportsfan2111

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on: Jun 29, 2018
Workers expect inflation to rise from 3 to 5 next year. As a result, this should
 
  A) move the economy down along a stationary short-run aggregate supply curve.
  B) move the economy up along a stationary short-run aggregate supply curve.
  C) shift the short-run aggregate supply curve to the left.
  D) shift the short-run aggregate supply curve to the right.

Question 2

If marginal cost is zero, with an optimal two-part tariff
 
  A) total revenue is maximized.
  B) the firm does not have to charge a fixed-fee portion.
  C) consumers maximize their surplus
  D) firms may not maximize profit.
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jharrington11

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


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