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Author Question: A ________ exists when naturally occurring incentives encourage sufficient numbers of people to act ... (Read 93 times)

CharlieWard

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on: Jun 29, 2018
A ________ exists when naturally occurring incentives encourage sufficient numbers of people to act in a way that makes everybody worse off.
 
  Fill in the blank(s) with correct word

Question 2

In the short run, an increase in inflation by the Fed not matched by an increase in the expected inflation rate results in ________ in the long-run Phillips curve and ________ in the short-run Phillips curve.
 
  A) no change; a downward shift
  B) a rightward shift; an upward shift
  C) a rightward shift; a downward shift
  D) no change; no change
  E) a leftward shift; an upward shift


Awesome

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Reply #1 on: Jun 29, 2018
Answer to Question 1

collective action problem

Answer to Question 2

D


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CharlieWard

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Reply #2 on: Jun 29, 2018
Correct answers!


Awesome

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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