A ________ exists when naturally occurring incentives encourage sufficient numbers of people to act in a way that makes everybody worse off.
Fill in the blank(s) with correct word
Question 2
In the short run, an increase in inflation by the Fed not matched by an increase in the expected inflation rate results in ________ in the long-run Phillips curve and ________ in the short-run Phillips curve.
A) no change; a downward shift
B) a rightward shift; an upward shift
C) a rightward shift; a downward shift
D) no change; no change
E) a leftward shift; an upward shift
(a) With few ticks, moose retain a brown coat; (b) at high numbers of ticks, moose self-groom, destr
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Prove the argument using two column proof numbers 2 and 5 only.