This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the expected inflation rate rises, then the short-run Phillips curve ________ and the long-run ... (Read 100 times)

kaid0807

  • Hero Member
  • *****
  • Posts: 515
on: Jun 29, 2018
If the expected inflation rate rises, then the short-run Phillips curve ________ and the long-run Phillips curve ________.
 
  A) does not shift; shifts
  B) does not shift; does not shift
  C) shifts; does not shift
  D) shifts; shifts
  E) might shift; shifts only if the short-run Phillips curve shifts

Question 2

Explain how the volunteer's dilemma is a special case of the public goods problem in which the possibility exists that no one will end up providing the public good.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

InfiniteSteez

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

The Volunteer's dilemma is a situation in which a single person can provide a public good. Because everyone benefits when the good is provided, and therefore property rights are not well defined, individuals face tension between their desire to see the good provided and and their desire to have someone else provide the good. This tension and the strategic behavior it causes create the possibility that no one will provide the good.


kaid0807

  • Member
  • Posts: 515
Reply 2 on: Jun 29, 2018
Wow, this really help

amandalm

  • Member
  • Posts: 306
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

A young Lipizzan at the Spanish Riding School in training equipment, wearing saddle, bridle and long A young Lipizzan at the Spanish Riding School in training equipment, wearing saddle, bridle and long
A Receiver-Operating-Characteristic (ROC) Curve A Receiver-Operating-Characteristic (ROC) Curve
Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory
Enzymatic rate enhancements Enzymatic rate enhancements
Population growth and growth rate, 1950 - 2100 Population growth and growth rate, 1950 - 2100
A Short List of Human X-Linked Recessive and X-Linked Dominant Traitsa A Short List of Human X-Linked Recessive and X-Linked Dominant Traitsa
Video: hGH (protein synthesis, growth and development)

For a complete list of videos, visit our video library