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Author Question: Moral hazard occurs when an informed party benefits in an exchange by taking advantage of knowing ... (Read 38 times)

Awilson837

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on: Jun 30, 2018
Moral hazard occurs when an informed party benefits in an exchange by taking advantage of knowing more than the other party.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

In the 1960s and early 70s, economists believed that the Phillips curve indicated:
 a. a menu of macroeconomic choices available to policy makers.
 b. that higher levels of employment could be achieved with lower inflation.
  c. that higher inflation was the price for more unemployment.
 d. all of the above.


Cnarkel

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

False

Answer to Question 2

a


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Awilson837

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Reply #2 on: Jun 30, 2018
Thank you :)


Cnarkel

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Reply #3 on: Jun 30, 2018
Happy to help you


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