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Author Question: A positive externality will cause a market to produce: a. more than the efficient equilibrium ... (Read 92 times)

pepyto

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on: Jun 30, 2018
A positive externality will cause a market to produce:
 a. more than the efficient equilibrium output level.
  b. iless than the efficient equilibrium output level.
  c. the efficient equilibrium output level.
 d. None of the above.

Question 2

If people have adaptive expectations, the Phillips curve model implies that whenever the actual rate of inflation is higher than the expected rate of inflation:
 a. unemployment will exceed its natural rate.
 b. unemployment will be less than its natural rate.
  c. unemployment will increase.
 d. unemployment will decrease.


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Cheesycrackers

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


pepyto

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

amandanbreshears

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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