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Author Question: When the natural unemployment rate ________, the short-run Phillips curve shifts ________ and the ... (Read 101 times)

tth

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on: Jun 29, 2018
When the natural unemployment rate ________, the short-run Phillips curve shifts ________ and the long-run Phillips curve shifts ________.
 
  A) increases; rightward; rightward
  B) increases; rightward; leftward
  C) decreases; rightward; rightward
  D) decreases; leftward; rightward
  E) increases; leftward; leftward

Question 2

Sammy has a drone that he values at 1,500. Dean values the same drone at 2,000. Sammy decides to sell the drone to Dean for 1,800. What is the total cooperative surplus gained as a result of this trade?
 
  A) 0
  B) 200
  C) 300
  D) 500


karlss

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

A

Answer to Question 2

D


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