If inflation is underestimated by decision makers in the economy ...

[james]

If inflation is underestimated by decision makers in the economy when it is rising, the SRAS curve will tend to be:
 a. vertical.
 b. horizontal.
 c. downward sloping.
  d. upward sloping.

Question 2

_____ is the argument that with globalization, countries compete for international investment by offering low or no environmental regulations or labor standards.
 a. Free rider problem
  b. Tragedy of the commons
  c. Race to the bottom
  d. Flag of convenience
  e. Enlightened self-interest

[laurnthompson]

Answer to Question 1

d

Answer to Question 2

c