______ may by law admit into the Union new

An increase in the expected rate of inflation

Economists generally believe that making assumptions is

The 2nd phase (diminishing returns to a factor) is exhibited by the following total product sequence:

If input prices adjusted very rapidly to output prices as classical economists argue the Phillips cure would be

A central bank decides to increase money supply. For a given price level, the LM curve is expected to

Under Monopoly the supply curve is absent because?

Opportunity cost version of comparative cost advantage doctrine was introduced by

If a country’s nominal GDP is constant, then which of the following statements about it would be correct?