Author Question: Governments, A) like individuals, face opportunity costs. B) unlike individuals, do not face ... (Read 167 times)

Melani1276 · **on:** Jun 29, 2018

Governments,

A) like individuals, face opportunity costs.
B) unlike individuals, do not face opportunity costs.
C) only if they are relatively poor, face opportunity costs.
D) only if they are running budget deficits, face opportunity costs.

Question 2

The shift of the short-run Phillips curve in the figure above is the result of

A) an increase in the natural unemployment rate.
B) a decrease in the expected inflation rate.
C) a decrease in the actual inflation rate.
D) an increase in the expected inflation rate.
E) a decrease in the natural unemployment rate.