While falling prey to the seductive ways of Catwoman, Batman sacrifices the opportunity of protecting Gotham City from a crime spree initiated by the Joker. That foregone opportunity is a(n) ________ cost of (yet again) falling prey to Catwoman.
A) monetary
B) explicit
C) sunk
D) implicit
Question 2
The short run Phillips curve
A) shows that any inflation rate can co-exist with the natural unemployment rate.
B) shows the tradeoff between the inflation rate and the unemployment rate, and it shifts when the expected inflation rate changes.
C) shows the relationship between the inflation rate and the expected inflation rate, and it shifts when the natural unemployment rate changes.
D) shows the relationship between the inflation rate and the nominal interest rate, and it shifts when the natural unemployment rate changes.
E) shows the tradeoff between the inflation rate and the unemployment rate and it shifts when the inflation rate changes.
Different ways that gated channels can be opened.
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