Costs that accrue to the total population are called ____ costs. ...

[lilldybug07]

Costs that accrue to the total population are called ____ costs. Costs incurred by the producer or consumer who makes the decision are called ____ costs.
 a. negative; positive
  b. social; private
 c. private; social
 d. positive; negative

Question 2

Lower than expected inflation rate:
 a. shifts short-run Phillips curve to the right.
 b. shifts short-run Phillips curve to the left.
 c. shifts both short-run and long-run Phillips curve to the right.
  d. shifts both short-run and long-run Phillips curve to the left.

[Rilsmarie951]

Answer to Question 1

b

Answer to Question 2

b