« previous next »

Author Question: If inflation rises or falls faster than people forecast in the short run but not in the long run, ... (Read 111 times)

Awilson837

  • Hero Member
  • *****
  • Posts: 509
on: Jun 30, 2018
If inflation rises or falls faster than people forecast in the short run but not in the long run, what are the shapes of the Phillips curves?
 a. The Phillips curve is vertical in the short run, and upward sloping in the long run.
  b. The Phillips curve is downward sloping in the short run, and vertical in the long run.
  c. The Phillips curve is upward sloping in the short run, and horizontal in the long run.
  d. The Phillips curve is vertical in the short run and long run.

Question 2

If there are both external benefits and external costs associated with the production and consumption of a good, and the external benefits are less than the external costs,
 a. Taxing it could bring us closer to the efficient solution
 b. Subsidizing it could bring us closer to the efficient solution
 c. Neither a tax or a subsidy could bring us closer to the efficient solution
  d. None of the above is true.


EAN94

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Awilson837

  • Hero Member
  • *****
  • Posts: 509
Reply #2 on: Jun 30, 2018
Correct answers!


EAN94

  • Sr. Member
  • ****
  • Posts: 307
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

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?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Why people don't stop smoking Why people don't stop smoking
Children’s interactions with older siblings may help promote an understanding of other people’s ... Children’s interactions with older siblings may help promote an understanding of other people’s ...
Upward social mobility, though welcome, can place people in a world so different from their world of ... Upward social mobility, though welcome, can place people in a world so different from their world of ...
Cut view of long bone. Cut view of long bone.
Hurricane Earl Forecast Hurricane Earl Forecast
By the People: A History of the United States, AP Edition By the People: A History of the United States, AP Edition
Video: Renal Failure

For a complete list of videos, visit our video library