The natural rate of unemployment is the unemployment rate that would exist in the absence of

The short run aggregate supply curve slopes ____because, everything else held constant, higher prices ____ producers’ profits, creating an incentive to ____output.

When the prices of resources rise, the short-run aggregate supply curve shifts to the _____

Creative destruction results in ____ unemployment.

When the prices of resources fall, the short-run aggregate supply curve shifts to the _____

If foreign governments restrict the entry of domestic goods, this causes domestic exports to ____, and net exports may _______ in the domestic economy.

The four phases of a business cycle, in order, are

A value-added tax is a(n)

Investment is __________________ related to the interest rate.

Changes in the components (C, I, G, and X) of aggregate expenditures caused by non-price effects will cause______