An example of a negative externality is: a. the benefit you ...

[jparksx]

An example of a negative externality is:
 a. the benefit you receive when your neighbor installs a smoke detector.
 b. the reduction in profits for your company that occurs when there is a decrease in consumer demand for the product you manufacture.
  c. the sleep you lose when your neighbor throws a loud party next door that keeps you awake.
 d. the change in the property values of your neighbors' homes when you paint your house and landscape your front yard

Question 2

The expectation of a higher inflation rate will cause:
 a. the short-run Phillips curve to become vertical.
  b. the short-run Phillips curve to shift leftward.
 c. a movement up along a short-run Phillips curve.
  d. the short-run Phillips curve to shift rightward.

[steff9894]

Answer to Question 1

c

Answer to Question 2

d

[jparksx]

YES! Correct, THANKS for helping me on my review

[hramirez205]

Thanks for the timely response, appreciate it