Choose the correct statement about the U. S.​ short-run Phillips curve. A. The U. S.​ short-run Phillips curve has been shifting steadily downward since 2001. B. U. S. inflation and unemployment data cannot be interpreted in terms of the​ short-run Phillips curve. C. We can interpret U. S. inflation and unemployment data in terms of a shifting​ short-run Phillips​ curve, which sometimes shifts upward and sometimes shifts downward. D. The U. S.​ short-run Phillips curve has been shifting steadily upward since 2001.

For example, the upper right cell shows that if expresso advertises and beantown doesn't advertise, expresso will make a profit of $15 million, and beantown will make a profit of $2 million. assume this is a simultaneous game and that expresso and beantown are both profit-maximizing firms. if expresso decides to advertise, it will earn a profit of $ million if beantown advertises and a profit of $ million if beantown does not advertise. if expresso decides not to advertise, it will earn a profit of $ million if beantown advertises and a profit of $ million if beantown does not advertise. if beantown advertises, expresso makes a higher profit if it chooses . if beantown doesn't advertise, expresso makes a higher profit if it chooses . suppose that both firms start off not advertising. if the firms act independently, what strategies will they end up choosing? expresso will choose to advertise and beantown will choose not to advertise. expresso will choose not to advertise and beantown will choose to advertise. both firms will choose to advertise. both firms will choose not to advertise.