Which of these is an example of rent-seeking?
a. The government breaks up a monopoly
b. An industry lobbies for increased government subsidies
c. An employee leaves a job for a higher-paying position at another company
d. A small shop goes out of business after a national chain opens in the neighborhood
Question 2
The Phillips Curve measures the tradeoff between _____.
a. inflation and unemployment
b. fiscal policy and monetary policy
c. private consumption and public investment
d. government spending and economic growth
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