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Author Question: What is the Coase theorem. What will be an ideal response?[br][br][b][color=#7BCCB5]Question ... (Read 27 times)

mynx

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on: Jun 29, 2018
What is the Coase theorem.
 
  What will be an ideal response?

Question 2

The short-run Phillips curve is vertical at the natural unemployment rate. Is the previous statement correct or incorrect?
 
  What will be an ideal response?


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mammy1697

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

The Coase theorem is a theorem which asserts that under certain conditions, the property rights to an activity will be acquired by the party that values it most.

Answer to Question 2

The statement is incorrect. The long-run Phillips curve is vertical at the natural unemployment rate but the short-run Phillips curve is downward sloping.


mynx

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

adammoses97

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Reply 3 on: Yesterday
Excellent

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