This topic contains a solution. Click here to go to the answer

Author Question: A positive externality will cause a market to produce: a. more than the efficient equilibrium ... (Read 43 times)

pepyto

  • Hero Member
  • *****
  • Posts: 547
A positive externality will cause a market to produce:
 a. more than the efficient equilibrium output level.
  b. iless than the efficient equilibrium output level.
  c. the efficient equilibrium output level.
 d. None of the above.

Question 2

If people have adaptive expectations, the Phillips curve model implies that whenever the actual rate of inflation is higher than the expected rate of inflation:
 a. unemployment will exceed its natural rate.
 b. unemployment will be less than its natural rate.
  c. unemployment will increase.
 d. unemployment will decrease.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Cheesycrackers

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

b

Answer to Question 2

b




pepyto

  • Member
  • Posts: 547
Reply 2 on: Jun 30, 2018
Wow, this really help


nathang24

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

For a complete list of videos, visit our video library