When negative externalities are present, it leads to an ...

[SAVANNAHHOOPER23]

When negative externalities are present, it leads to an underallocation of resources in that area relative to that which is socially desirable.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The novelty of Phillips' article was his finding of a ____ correlation between ____ and ____.
 a. positive; unemployment; the interest rate
 b. negative; inflation; the exchange rate
 c. negative; unemployment; inflation
 d. positive; the rate of growth of the money supply; inflation

[flexer1n1]

Answer to Question 1

False

Answer to Question 2

c